Education - As introduced, requires the state to elect to participate in the federal tax credit established under federal law for individuals who make qualified contributions to scholarship granting organizations. - Amends TCA Title 49.

HB 2512 requires Tennessee to elect participation in a federal tax credit program that allows individuals to claim tax benefits for contributions to scholarship granting organizations (SGOs). The bill directs the Tennessee Department of Education to annually publish a list of qualifying SGOs operating in the state, certify the state's authority to submit this list to the federal government, and accept submissions from SGOs year-round. This administrative action enables Tennessee residents to access the federal tax credit for scholarship donations, directly affecting SGOs meeting federal requirements and taxpayers who contribute to them. The bill does not change tax rates or create new state funding but aligns Tennessee with federal program participation for scholarship contributions.