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Bill > SB2206
TN SB2206
TN SB2206AN ACT to amend Tennessee Code Annotated, Title 4; Title 9 and Title 49, relative to the federal tax credit for contributions made to certain scholarship granting organizations.
summary
Introduced
02/02/2026
02/02/2026
In Committee
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, enacts the "Federal Tax Credit Scholarship Act." - Amends TCA Title 4; Title 9 and Title 49.
AI Summary
This bill, known as the "Federal Tax Credit Scholarship Act," allows Tennessee to participate in a federal tax credit program that encourages individuals to donate to scholarship granting organizations. The bill directs the Tennessee Department of Education to identify and certify scholarship granting organizations within the state that meet federal requirements, specifically referencing Section 25F of the Internal Revenue Code, which is a federal law that allows for tax credits for certain contributions. The department will then submit this list to the U.S. Secretary of the Treasury and publish it online, ensuring compliance with all federal regulations to make Tennessee eligible for this tax credit program for taxable years beginning after December 31, 2026, and these scholarships can be used for qualified elementary or secondary education expenses, including home schooling.
Committee Categories
Education
Sponsors (1)
Last Action
Passed on Second Consideration, refer to Senate Education Committee (on 02/05/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/Default?BillNumber=SB2206&ga=114 |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/SB2206.pdf |
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