This bill proposes the creation of a new subdivision to subsection 2 of section 57-38-30.3 of the North Dakota Century Code, which introduces an individual income tax deduction specifically for the Segal AmeriCorps education award. The new legal language stipulates that the deduction will be reduced by the amount of a Segal AmeriCorps education award disbursed under 42 U.S.C. 12604 and received by a taxpayer during the taxable year to the extent the amount was included in federal taxable income. The effective date for this new provision is set for taxable years beginning after December 31, 2024. This means that taxpayers will be able to benefit from this deduction in their income tax filings starting in the 2025 tax year.