Federal tax credit — Scholarship granting organizations

In accordance with § 25F of the Internal Revenue Code (26 U.S.C. § 25F), the commissioner of education shall elect to participate in the federal tax credit established under § 70411 of Pub. L. No. 119-21 for individuals who make qualified contributions to scholarship granting organizations and identify scholarship granting organizations located in this state in accordance with § 49-1-1303.