This bill aims to extend the authority of school districts to accept charitable donations for regional career and technical education center programs by changing the repeal date from June 30, 2026, to June 30, 2031. Specifically, it amends RSA 188-E:9-a to reflect this new repeal date, ensuring that the program remains in effect for an additional five years. The effective date for this extension will be June 30, 2031, as indicated in the amendments to the bill.

The fiscal impact of this bill is projected to result in a maximum decrease in revenue of $500,000 for the General Fund and Education Trust Fund during fiscal years 2027 through 2032. This decrease is attributed to the availability of tax credits against the Business Profits Tax (BPT) for taxpayers making qualifying donations to the program. The bill allows taxpayers to claim a credit of up to 25% of their BPT due, with the total credits not exceeding $500,000 in any fiscal year. The Department of Revenue Administration anticipates that the full credit will be utilized each fiscal year from FY 2027 to FY 2031, based on historical trends in donation amounts.