Bill > S634

Introduced Session

A bill to amend the Internal Revenue Code of 1986 to establish tax credits to encourage individual and corporate taxpayers to contribute to scholarships for students through eligible scholarship-granting organizations and eligible workforce training organizations, and for other purposes. This bill allows individual and corporate taxpayers a tax credit for cash contributions to certain scholarship-granting and workforce training organizations. It imposes a cap of $10 billion on the sum of contributions that qualify for a tax credit under this bill. The bill requires the Department of Education, in coordination with the Departments of the Treasury and Labor, to establish, host, and maintain a web portal that (1) lists all eligible scholarship-granting and workforce training organizations; (2) enables contributions to such organizations; (3) provides information about the benefits of this bill; and (4) enables a state to submit and update information about its programs and educational organizations, including information on student eligibility and allowable educational expenses.

Committee Categories

Ted Cruz (R)*,  Lamar Alexander (R),  Marsha Blackburn (R),  John Boozman (R),  Richard Burr (R),  Bill Cassidy (R),  Tom Cotton (R),  Kevin Cramer (R),  Joni Ernst (R),  James Inhofe (R),  James Lankford (R),  Kelly Loeffler (R),  Ben Sasse (R),  Rick Scott (R),  Tim Scott (R),  Pat Toomey (R),  Todd Young (R), 

Read twice and referred to the Committee on Finance. (on 02/28/2019)

Official Document