Bill > H0770

This bill establishes that the Vermont General Assembly, meaning the state's legislative body, is the only entity authorized to decide whether Vermont will participate in a new federal tax credit program, known as Section 25F of the Internal Revenue Code, which aims to subsidize scholarships for educational expenses. The bill explicitly states that Vermont will not participate in this program, and any decision made by another state official or entity to participate would be invalid. This legislation is a response to a federal law that allows states to voluntarily opt into or out of this scholarship tax credit program, and it sets a clear directive for Vermont's non-participation, taking effect on July 1, 2026.

Budget and Finance

https://legislature.vermont.gov/bill/status/2026/H.770