Treasury previews tax credit scholarship rules

Sign up for Chalkbeat’s free weekly newsletter to keep up with how education is changing across the U.S.States most likely will not be able to place additional requirements or guardrails on scholarship groups funded through the new federal tax credit, according to a preview of the rules provided by the U.S. Treasury Department this week.This position contradicts comments Education Secretary Linda McMahon made to Congress last month and at a Michigan school choice event in March in which she said states would be able to shape their own programs. The U.S. Department of Education has declined to clarify those remarks, but it is ultimately the Treasury Department that will set the rules for the program.And in remarks made Tuesday at a closed-door meeting and later released by the Treasury Department, Deputy Assistant Secretary for Tax Policy Kevin Salinger said that states may not impose “substantive” rules on scholarship groups that are more restrictive than federal law.That’s welcome new