Comment from AAA Scholarship Foundation
AAA Scholarship FoundationSupportAdvocacy
Summary: The AAA Scholarship Foundation, a multi-state scholarship granting organization, supports the proposed federal education tax credit but urges a "light-touch" regulatory framework. They advocate for leveraging existing state oversight, simplifying reporting requirements, and adopting specific "safe harbors" to minimize administrative burdens on both organizations and taxpayers.
On behalf of AAA Scholarship Foundation, we appreciate the opportunity to submit the attached comments on the upcoming proposed regulations for the new Federal Education Tax Credit under Internal Revenue Code Section 25F, as enacted by the One, Big, Beautiful Bill Act (OBBBA).