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Does the Department of Revenue certify STO’s?

April 26, 2017certify Department revenue STO

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Does the Department of Revenue certify STO’s?

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No. There is no requirement that the department certify an STO. However, the taxpayer should ask questions of the organization to determine if the organization (1) is tax exempt under Section 501(c)(3) of the Internal Revenue Code; (2) allocates 90 percent of its annual revenues to scholarships; and (3) makes scholarships available to students of more than one school.