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Bill > S120


US S120

US S120
Educational Choice for Children Act


summary

Introduced
01/26/2023
In Committee
01/26/2023
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A BILL To amend the Internal Revenue Code of 1986 to allow a credit against tax for charitable donations to nonprofit organizations providing education scholarships to qualified elementary and secondary students.

AI Summary

This bill, the Educational Choice for Children Act, would amend the Internal Revenue Code to allow a tax credit for charitable donations to nonprofit organizations that provide education scholarships to eligible elementary and secondary students. The bill establishes requirements for these "scholarship granting organizations" and sets a nationwide volume cap on the amount of qualified contributions that can be claimed as a credit. It also exempts scholarship funds from being included in the recipient's gross income and prohibits government control or discrimination against private or religious schools in the use of these scholarships.

Committee Categories

Budget and Finance

Sponsors (32)

Last Action

Read twice and referred to the Committee on Finance. (on 01/26/2023)

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