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1 Education Tax Credit; Definition of Scholarship Organization. Amend RSA 77-G:1, XVII to read as follows:
XVII. "Scholarship organization" means a charitable organization incorporated or qualified to do business in this state that:
(a) Is exempt from federal income taxation pursuant to section 501(c)(3) of the Internal Revenue Code;
(b) Complies with applicable state and federal antidiscrimination and privacy laws;
(c) Is registered with the director of charitable trusts; and
(d) Has been approved by the department of revenue administration for the purpose of issuing scholarships as provided in this chapter.
2 Effective Date. This act shall take effect July 1, 2025.
Text to be added highlighted in green.
1 Education Tax Credit; Definition of Scholarship Organization. Amend RSA 77-G:1, XVII to read as follows:
XVII. "Scholarship organization" means a charitable organization incorporated in this state that:
(a) Is exempt from federal income taxation pursuant to section 501(c)(3) of the Internal Revenue Code;
(b) Complies with applicable state and federal antidiscrimination and privacy laws;
(c) Is registered with the director of charitable trusts; and
(d) Has been approved by the department of revenue administration for the purpose of issuing scholarships as provided in this chapter.
2 Effective Date. This act shall take effect July 1, 2025.