Department of Revenue to designate scholarship granting organizations

This bill requires Minnesota's Department of Revenue to create and maintain a list of scholarship granting organizations that meet federal tax requirements. The department must submit this list to the U.S. Treasury by January 1 each year and publish it online, serving as the state's official participation in the federal tax exemption program for scholarship organizations. Organizations wishing to receive tax-deductible donations for scholarships must submit a notice of intent to the department by December 1 of the preceding year. The commissioner will establish rules for the application process but will act only to verify compliance with federal standards rather than make independent decisions about eligibility.