AN ACT ESTABLISHING A TAX CREDIT FOR EDUCATIONAL ACCESS AND OPPORTUNITY SCHOLARSHIPS.

SB 122 creates a tax credit for individuals and businesses that donate to nonprofits providing educational access and opportunity scholarships. The bill directly affects donors (who receive reduced tax liability) and the nonprofit organizations distributing the scholarships. Key provisions allow donors to claim a credit equal to a percentage of their contributions, funded through the state’s tax system rather than direct state spending. This policy change expands tax incentives to support scholarship programs, though it does not specify eligibility criteria for students receiving the scholarships.