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The temporary regulations would accompany proposed regulations that provide guidance on the new tax credit for contributions by individuals to scholarship granting organizations (SGOs), 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. Temporary regulations are necessary to provide the procedure for States to make an Election, and to submit the State’s SGO List in the Fall of 2026 to complete an Election or perfect an Advance Election, before Final regulations will be published. Temporary regulations are also needed to require SEGos to track contributions made starting January 1, 2027, and capture the elements that SEGos will need to report.