The act creates an income tax subtraction (deduction) for income tax years 2026 to 2033 for the amount of any Segal AmeriCorps Education Award received by a taxpayer for service in the AmeriCorps national service program, which is used by the taxpayer during the income tax year.
APPROVED by Governor June 3, 2024
EFFECTIVE June 3, 2024(Note: This summary applies to this bill as enacted.)