Comment from New Jersey Family Scholarship Fund
New Jersey Family Scholarship FundSupportOther
Summary: The commenter supports the IRS's move to seek input on Section 25F but argues that the final regulations should strictly adhere to the "segregated-account" approach intended by Congress. They advocate for applying scholarship-spending requirements to specific accounts rather than organization-wide income and suggest practical definitions for "location" and "default allocation" to accommodate multi-state operations.
See attached file(s)