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TREAS/IRS RIN: 1545-BR97 Publication ID: 2026 
Title: ●Tax Credit for Contributions of Individuals to Scholarship Granting Organizations 
Abstract:

The proposed regulations would provide guidance on the new tax credit for contributions by individuals to scholarship granting organizations, as added to the Internal Revenue Code by the enactment of section 70411 of Public Law 119-21 (July 4, 2025), commonly referred to as the One Big Beautiful Bill Act. The new regulations will implement IRC 25F by providing for enforcement of the requirements for scholarship granting organizations and State elections to participate under IRC 25F, as well as recordkeeping and information reporting requirements for purposes of administering the requirements of IRC 25F.

 
Agency: Department of the Treasury(TREAS)  Priority: Other Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: Undetermined 
EO 14192 Designation: Other 
CFR Citation: 26 CFR 1   
Legal Authority: 26 U.S.C. 25F(h)    26 U.S.C. 7805    Pub. L. 119-21   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Interim Final Rule  07/00/2026 
Additional Information: REG-117199-25 Drafting attorney: Edward A. Waters (202) 317-6785 Reviewing attorney: Frank W. Dunham III (202) 317-4747 Treasury attorney: Catherine Hughes (202) 622-9407; Amber MacKenzie (202) 306-3632 CC:ITA
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: State 
Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Edward Waters
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Ave NW,
Washington, DC 20224
Phone:202 317-6758
Fax:855 576-2334
Email: edward.a.waters@irscounsel.treas.gov