Federal Aid - As enacted, enacts the "Federal Tax Credit Scholarship Act." - Amends TCA Title 4; Title 9 and Title 49.

SB 2206, the "Federal Tax Credit Scholarship Act," enables Tennessee to participate in a federal tax credit program that allows individuals to claim tax credits for contributions to scholarship granting organizations (SGOs). The bill requires the Tennessee Department of Education to certify and publish a list of qualified SGOs meeting federal criteria, ensuring these organizations can provide scholarships for elementary and secondary education expenses - including home schooling - under federal law. This directly affects Tennessee students attending private or home schools by expanding access to scholarship funding through tax-credit donations, while SGOs gain eligibility to receive these contributions. The law aligns Tennessee with federal regulations to maintain state eligibility for the tax credit starting in 2027.