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A4777 • 2026

Requires State to participate in federal tax credit scholarship program and directs Commissioner of Education to provide required information to U.S. Secretary of the Treasury.

Requires State to participate in federal tax credit scholarship program and directs Commissioner of Education to provide required information to U.S. Secretary of the Treasury.

Education Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Inganamort, Michael
Last action
2026-03-19
Official status
Introduced, Referred to Assembly Education Committee
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Requires State to participate in federal tax credit scholarship program and directs Commissioner of Education to provide required information to U.S. Secretary of the Treasury.

Requires State to participate in federal tax credit scholarship program and directs Commissioner of Education to provide required information to U.S.

What This Bill Does

  • Requires State to participate in federal tax credit scholarship program and directs Commissioner of Education to provide required information to U.S.
  • Secretary of the Treasury.
  • Topic: Education Fiscal note: This bill has not been certified by OLS for a fiscal note.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-03-19 New Jersey Legislature

    Introduced, Referred to Assembly Education Committee

Official Summary Text

Requires State to participate in federal tax credit scholarship program and directs Commissioner of Education to provide required information to U.S. Secretary of the Treasury.
Topic:
Education
Fiscal note:
This bill has not been certified by OLS for a fiscal note.

Current Bill Text

Read the full stored bill text 
A4777

ASSEMBLY, No. 4777

STATE OF NEW JERSEY

222nd LEGISLATURE

�

INTRODUCED MARCH 19, 2026

Sponsored by:

Assemblyman� MICHAEL INGANAMORT

District 24 (Morris, Sussex and Warren)

Assemblyman� GERRY SCHARFENBERGER

District 13 (Monmouth)

Assemblywoman� DAWN FANTASIA

District 24 (Morris, Sussex and Warren)

Co-Sponsored by:

Assemblywoman Flynn and Assemblyman Azzariti Jr.

SYNOPSIS

���� Requires State to elect to participate in federal tax
credit scholarship program and directs Commissioner of Education to provide
required information to U.S. Secretary of the Treasury.

CURRENT VERSION OF TEXT

���� As introduced.

��

An Act
requiring the State to participate in the federal tax
credit program for individual contributions to scholarship granting
organizations and supplementing Title 18A of the New Jersey Statutes.

����
Be It
Enacted
by the Senate and General Assembly of
the State of New Jersey:

���� 1.� The State of New Jersey shall
participate in the federal tax credit program for contributions of individuals
to scholarship granting organizations established pursuant to section 25F of
the federal Internal Revenue Code of 1986, 26 U.S.C.s. 25F, for all taxable
years beginning after December 31, 2026.� The Commissioner of Education shall
annually provide to the United States Secretary of the Treasury such
information as is required pursuant to section 25F of the federal Internal
Revenue Code of 1986, 26 U.S.C.s. 25F, in order for the State to participate in
the federal tax credit for contributions of individuals to scholarship granting
organizations, including a list of all scholarship granting organizations
located in the State that meet the requirements of section 25F of the federal
Internal Revenue Code of 1986, 26 U.S.C.s. 25F.

���� 2. �This act shall take effect
immediately.

STATEMENT

���� This bill requires the State
to elect to participate in the federal tax credit program for individual
contributions to scholarship granting organizations pursuant to section 25F of
the federal Internal Revenue Code.� The bill also directs the Commissioner of
Education to annually provide any information required under federal law for
the State to participate in the program each year.�

���� Pub.L.119-21, also known as
the �One Big Beautiful Bill Act,� established a federal tax credit program for
individuals who make contributions to scholarship granting organizations. The
program allows an individual to claim a federal income tax credit equal to the
aggregate amount of qualified contributions, up to $1,700 per taxable year to
scholarship granting organizations for the purpose of funding scholarships for
students from households with income not greater than 300 percent of the area
median gross income.

���� Under the program, each state
voluntarily elects to participate in the program.� The election is made by the
governor of a state or by another individual, agency, or entity as designated
by state law to make elections on behalf of the state with respect to federal
tax benefits.� Federal law requires each state to elect to participate on an
annual basis.�

���� Each state that elects to
participate in the program is also required to annually provide a list of
scholarship granting organizations to the United States Department of the
Treasury.� A taxpayer who lives in a state that elects not to participate in
the program would be eligible to receive tax credits for contributions to
scholarship granting organizations in other participating states but they would
not be eligible to receive tax credits for contributions to scholarship
granting organization in the state in which the taxpayer resides.