Requires State to elect to participate in federal tax credit scholarship program and directs Commissioner of Education to provide required information to U.S. Secretary of the Treasury.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill requires New Jersey to participate in a federal tax credit program that allows individuals to donate to scholarship-granting organizations and receive a tax credit. It directs the Commissioner of Education to provide the U.S. Secretary of the Treasury with the necessary information for the state to participate in the program annually. The program, established by federal law, encourages states to voluntarily opt-in and provides tax benefits to donors and students.
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Sponsors
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1 on record
Primary sponsor
Anthony Bucco
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