HB402 (2025) Compare Changes

The Bill Text indicates a repeal. This means the text being replaced is not available in the bill, and the unchanged text displayed is incomplete. The original text can be viewed by following the link to the RSA. Also, an accompanying re-enactment is not handled currently, and displayed in both unchanged and changed versions.
The Bill Text indicates a new section is being inserted. This situation is not handled right now, and the new text is displayed in both the changed and unchanged versions.

Unchanged Version

Text to be removed highlighted in red.

1 New Paragraph; Education; Education Freedom Accounts; Authority and Responsibilities of the Scholarship Organization. Amend RSA 194-F:4 by inserting after paragraph XVII the following new paragraph:

XVIII. The scholarship organization shall produce and assure timely delivery of the appropriate Internal Revenue Service Form 1099 to parties responsible for any federal tax liability incurred from payments made from a student's EFA.

2 Repeal. RSA 194-F:2, VI, relative to funds deposited in an education freedom account not constituting taxable income to the parent of the education freedom account student, is repealed.

3 Effective Date. This act shall take effect 60 days after its passage.

Changed Version

Text to be added highlighted in green.

1 New Paragraph; Education; Education Freedom Accounts; Authority and Responsibilities of the Scholarship Organization. Amend RSA 194-F:4 by inserting after paragraph XVII the following new paragraph:

XVIII. The scholarship organization shall produce and assure timely delivery of the appropriate Internal Revenue Service Form 1099 to parties responsible for any federal tax liability incurred from payments made from a student's EFA.

2 Repeal. RSA 194-F:2, VI, relative to funds deposited in an education freedom account not constituting taxable income to the parent of the education freedom account student, is repealed.

3 Effective Date. This act shall take effect 60 days after its passage.