|
On November 4, New Mexico Governor Michelle Lujan Grisham announced that her state will participate in the Federal Scholarship Tax Credit (FSTC), also known as the Education Freedom Tax Credit (EFTC). “By participating in the FSTC, we will give New Mexico taxpayers the chance to keep some of their federal income taxes in New Mexico to support New Mexico students.”
With this decision, Gov. Lujan Grisham joined New York Gov. Kathy Hochul, who announced her intention to have New York participate on October 9, after reviewing the Treasury Department's proposed rules.
Together with Colorado Gov. Jared Polis, three Democratic governors have now chosen to opt in, and 32 states have announced an intention to participate.
|