of any qualified contributions made by the taxpayer during the taxable year. (b) Amount of credit The credit allowed under subsection (a) for any taxable year shall not exceed 10 percent of the taxpayer’s adjusted gross income for the taxable year. (c) Definitions For purposes of this section— (1) Eligible scholarship-granting organization The term eligible scholarship-granting organization means— (A) an organization that— (i) is described in section 501(c)(3) and exempt from taxation under section 501(a), (ii) provides qualifying scholarships to an eligible student who— (I) resides in the State in which the eligible scholarship-granting organization is recognized, or (II) in the case of the Bureau of Indian Education, are members of a federally recognized tribe, (iii) a State identifies to the Secretary as an eligible scholarship-granting organization under section 202(c)(5)(B) of the School Choice Now Act , (iv) allocates at least 90 percent of qualified contributions to qualifying scholarships on an annual basis, (v) implements robust policies and procedures to prevent waste, fraud, and abuse in the program that it administers, and (vi) provides qualifying scholarships to— (I) more than 1 eligible student, (II) more than 1 eligible family, and (III) different eligible students attending more than 1 education provider, or (B) an organization that— (i) is described in section 501(c)(3) and exempt from taxation under section 501(a), (ii) pursuant to State law, was able, as of January 1, 2021, to receive contributions that are eligible for a State tax credit if such contributions are used by the organization to provide scholarships to individual elementary and secondary students, including scholarships for attending private schools, (iii) agrees to allocate at least 905 percent of its allotment under subsection (c) to qualifying scholarships on an annual basis, (iv) implements robust policies and procedures to prevent waste, fraud, and abuse in the program that it administers, and (v) provides qualifying