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Bill would require scholarship organization to be a New Hampshire nonprofit; hearing highlights transparency and constitutional concerns
Summary
Rep. David Luno told the Ways and Means Committee HB 483 would require the scholarship organization that administers the education tax credit and Education Freedom Account programs to be incorporated in New Hampshire and file separate financial returns so state taxpayers can see how funds are spent.
Rep. David Luno told the Ways and Means Committee that House Bill 483 is intended to improve transparency by requiring the statewide scholarship organization that administers the education tax credit (ETC) and the Education Freedom Account (EFA) programs to be incorporated and file its own IRS forms in New Hampshire.
Nut graf: Testimony split sharply. Supporters said the current administrator, which does business as Children’s Scholarship Fund of New Hampshire but files federal returns as a New York‑based nonprofit, obscures how state tax dollars are used and that a New Hampshire‑incorporated entity would increase transparency. Opponents, including donors and nonprofit advocates, said the proposal could be unconstitutional under the…
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