Education - As introduced, requires the state to elect to participate in the federal tax credit established under federal law for individuals who make qualified contributions to scholarship granting organizations. - Amends TCA Title 49.

SB 2195 requires Tennessee to elect participation in a federal tax credit program that allows individuals to claim tax benefits for donations to scholarship granting organizations (SGOs). The bill directs the Tennessee Department of Education to annually publish a list of qualifying SGOs operating in the state and submit this list to the federal government by January 1 each year. This enables Tennessee residents who contribute to approved SGOs to claim the federal tax credit for scholarship donations. The law applies directly to Tennessee taxpayers making qualifying scholarship contributions and aligns the state with federal requirements under Section 70411 of the federal law.