Federal Scholarship Tax Credit Program Moves Toward 2027 Launch; Michigan Opt-In Status Pending
The federal “One Big Beautiful Bill Act” created a new scholarship tax credit program through the addition of 26 U.S.C. § 25F (Section 25F). The program is intended to encourage private donations to Scholarship Granting Organizations (SGOs), which use those funds to provide K-12 educational scholarships for eligible students. The program applies to qualifying contributions made on or after January 1, 2027.