IC 20-51-3-3 Certification Agreements

• Library: Indiana Statutes
• Edition: 2023
• Currency: Current through P.L. 255-2023
• Year: 2023
• Citation: IC 20-51-3-3

An agreement entered into under section 1 of this chapter between the department and a scholarship granting organization must require the scholarship granting organization to do the following:

(1) Provide a receipt to taxpayers for contributions made to the scholarship granting organization that will be used in a school scholarship program. The department of state revenue shall prescribe a standardized form for the receipt issued under this subdivision. The receipt must indicate the value of the contribution and part of the contribution being designated for use in a school scholarship program.

(2) Allow a taxpayer to designate a participating school for which the taxpayer's contribution must be used as scholarships.

[(2)] [Distribute] [at] [least] [ninety] [percent] [(90%)] [of] [the] [total] [amount] [of] [contributions] [as] [school] [scholarships] [to] [eligible] [students.]