summary
Introduced
08/25/2020
08/25/2020
In Committee
08/25/2020
08/25/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To provide for emergency education freedom grants, 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 for other purposes. This bill provides for emergency education freedom grants and allows individual and corporate taxpayers a tax credit for contributions to scholarship-granting organizations. The bill directs the Department of the Treasury, in coordination with the Department of Education, to establish, host, and maintain a web portal that (1) lists all eligible scholarship-granting organizations; (2) enables contributions to such organizations; (3) provides information about the tax benefits of this bill; and (4) enables a state to submit and update information about its programs and scholarship-granting organizations, including information on student eligibility and allowable educational expenses.
AI Summary
This bill provides for emergency education freedom grants and allows individual and corporate taxpayers a tax credit for contributions to scholarship-granting organizations. The bill directs the Department of the Treasury, in coordination with the Department of Education, to establish, host, and maintain a web portal that lists all eligible scholarship-granting organizations, enables contributions to such organizations, provides information about the tax benefits, and enables states to submit and update information about their programs and scholarship-granting organizations, including student eligibility and allowable educational expenses.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (on 08/25/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/8100/all-info |
BillText | https://www.congress.gov/116/bills/hr8100/BILLS-116hr8100ih.pdf |
Bill | https://www.congress.gov/116/bills/hr8100/BILLS-116hr8100ih.pdf.pdf |
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