The bill amends AS 44.33.020(a) to enhance the responsibilities of the Department of Commerce, Community, and Economic Development. A significant addition is the requirement for the department to cooperate with the federal government and take necessary actions to participate in the federal tax credit program established under 26 U.S.C. 25F. This includes identifying scholarship granting organizations within the state in accordance with federal guidelines.

This new provision aims to facilitate qualified contributions to scholarship granting organizations, thereby potentially increasing funding for educational opportunities in Alaska. The bill underscores the department's role in not only supporting local governments and communities but also in actively engaging with federal programs that can benefit the state's educational landscape.

Statutes affected:
HB0365A, AM HB 365, introduced 02/23/2026: 44.33.020