An act relating to the Governor’s list of scholarship granting organizations

This bill creates a process for Vermont's Governor to maintain an annual list of scholarship organizations eligible for a federal tax credit. It directly affects Vermont taxpayers who donate to qualifying organizations and the scholarship organizations themselves. To be listed, organizations must be nonprofits focused on underprivileged students, provide scholarships only to students at public or eligible private schools, and meet federal criteria. The Governor must submit the list to the U.S. Treasury by December 1 each year, with a presumption that previously listed organizations remain eligible unless the Governor finds noncompliance. This enables Vermont taxpayers to claim the federal qualified education scholarship tax credit (26 U.S.C. § 25F) for donations to these organizations.