HB 87 - Authorizes the State to Participate in the One Big Beautiful Bill's Educational Choice Incentive - North Carolina Key Vote

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Title: Authorizes the State to Participate in the One Big Beautiful Bill's Educational Choice Incentive

See How Your Politicians Voted

Title: Authorizes the State to Participate in the One Big Beautiful Bill's Educational Choice Incentive

Vote Smart's Synopsis:

Vote to concur with Senate amendments and pass a bill that authorizes the State of North Carolina to participate in the federal One Big Beautiful Bill's Educational Choice incentive program.

Highlights:

  • Authorizes the State Education Assistance Authority to submit a list of qualifying scholarship granting organizations to the U.S. Secretary of the Treasury (Sec. 1).

  • Establishes the General Assembly’s voluntary election for the State of North Carolina to participate in the federal tax credit for individuals who make qualified contributions to scholarship granting organizations (Sec. 2).

  • Authorizes the State Education Assistance Authority to establish rules for an entity to qualify as a scholarship granting organization (Sec. 2).

  • Requires the Authority to comply with all federal regulations pertaining to the administration of the federal tax credit (Sec. 3).

  • Specifies that any qualifying scholarship granting organization detailed by this Act may provide scholarships for any elementary or secondary education expense, including home school expenses (Sec. 4).

  • Specifies that this Act takes effect immediately upon passage (Sec. 5).

See How Your Politicians Voted

Title: Authorizes the State to Participate in the One Big Beautiful Bill's Educational Choice Incentive

Vote Smart's Synopsis:

Vote to amend and pass a bill that authorizes the State of North Carolina to participate in the federal One Big Beautiful Bill's Educational Choice incentive program.

Highlights:

  • Authorizes the State Education Assistance Authority to submit a list of qualifying scholarship granting organizations to the U.S. Secretary of the Treasury (Sec. 1).

  • Establishes the General Assembly’s voluntary election for the State of North Carolina to participate in the federal tax credit for individuals who make qualified contributions to scholarship granting organizations (Sec. 2).

  • Authorizes the State Education Assistance Authority to establish rules for an entity to qualify as a scholarship granting organization (Sec. 2).

  • Requires the Authority to comply with all federal regulations pertaining to the administration of the federal tax credit (Sec. 3).

  • Specifies that any qualifying scholarship granting organization detailed by this Act may provide scholarships for any elementary or secondary education expense, including home school expenses (Sec. 4).

  • Specifies that this Act takes effect immediately upon passage (Sec. 5).

Title: Authorizes the State to Participate in the One Big Beautiful Bill's Educational Choice Incentive

Title: Authorizes the State to Participate in the One Big Beautiful Bill's Educational Choice Incentive

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