federal tax credit; authorization; scholarships..

HB 2553 authorizes Arizona to participate in a federal tax credit program (under Internal Revenue Code section 25F) that allows individuals to claim a tax credit for contributions to certified scholarship organizations. It requires the Arizona Department of Education to certify nonprofit scholarship organizations meeting federal standards and maintain a public list of certified organizations by January 1 each year. Starting December 31, 2026, these certified organizations may provide scholarships for elementary or secondary education expenses to eligible students, in alignment with federal law. The bill directly affects Arizona residents who contribute to scholarship programs and the nonprofit organizations administering them.