Bill > SB113

This bill proposes the "Equal Education Opportunity Scholarship Act", which establishes a tax credit program for individuals and corporations that contribute to tuition scholarship organizations. These organizations would provide educational scholarships of up to $5,000 to eligible students, defined as those enrolled in foster care or from households with incomes below the federal reduced-price lunch threshold. The bill outlines the certification process for tuition scholarship organizations, their duties, and the administration of the program by the Public Education Department. The tax credits would be available for contributions made from 2023 to 2027, after which the act would be repealed.

Budget and Finance, Education

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=113&year=23