Bill > H87

This bill establishes North Carolina's participation in a federal tax credit program for individual contributions to scholarship granting organizations (SGOs). Specifically, the State Education Assistance Authority will be required to submit and publish an annual list of qualifying SGOs to the U.S. Treasury, certifying their compliance with federal regulations under Section 25F of the Internal Revenue Code. The bill allows these SGOs to provide scholarships for qualified elementary and secondary education expenses, including home school expenses, to the extent permitted by federal law. The Authority is granted the power to establish rules for how organizations can be included on the list and may collaborate with other state agencies like the Department of Revenue to meet federal requirements. The bill is designed to ensure North Carolina's eligibility for the federal tax credit program for taxable years beginning after December 31, 2026, with the State Education Assistance Authority required to establish necessary rules by July 1, 2026, or within 120 days of federal regulation publication, whichever is later.

Budget and Finance, Education, Government Affairs, Justice

https://www.ncleg.gov/BillLookUp/2025/H87