Comment from Empower Illinois

Summary: Empower Illinois, a scholarship-granting organization, supports the new federal scholarship tax credit but urges the Treasury to adopt clear, uniform federal standards for SGO compliance rather than deferring to state-by-state interpretations. They argue that the regulations should align with existing state programs, specifically requesting that the 90% expenditure threshold apply only to qualified contributions rather than an organization's total income to ensure the program's viability for multi-state and new SGOs.