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The Beam · Issue #19

New Federal Rules Clear Path for Tennessee's K-12 Scholarship Tax Credit Program

New Federal Rules Clear Path for Tennessee's K-12 Scholarship Tax Credit Program
New Federal Rules Clear Path for Tennessee's K-12 Scholarship Tax Credit Program

Good afternoon.

We have coverage of a new federal scholarship tax credit launching in 2027. The Treasury Department has published guidance that sets deadlines for states and lays out how scholarship-granting organizations will operate when the program launches next year.

New Federal Rules Clear Path for Tennessee's K-12 Scholarship Tax Credit Program

With the federal scholarship tax credit set to launch in 2027, new guidance establishes deadlines for states and creates opportunities for new scholarship-granting organizations to enter the field.

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$1,700Maximum federal tax credit available to individual taxpayers for contributions to eligible scholarship-granting organizations.
90%Minimum share of spending that must go toward qualifying expenses for scholarship-granting organizations to remain eligible.
Jan. 1, 2027Scheduled launch date for the Education Freedom Tax Credit program.
  • Wed Jan 1

    Education Freedom Tax Credit Program Launches

    The federal program begins accepting contributions from eligible taxpayers to scholarship-granting organizations.

  • Sat Feb 15

    Tennessee SGO List Deadline

    Tennessee must submit its initial list of eligible scholarship-granting organizations to complete its election for the program's first year.

That's a wrap on this week's Beam. Look for our Friday Flicker newsletter tomorrow.

The Beam