summary
Introduced
04/15/2026
04/15/2026
In Committee
04/15/2026
04/15/2026
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
A bill to amend the Internal Revenue Code of 1986 to repeal the tax credit for contributions of individuals to scholarship granting organizations, and for other purposes.
AI Summary
This bill, titled the "Keep Public Funds in Public Schools Act," proposes to eliminate a tax credit that individuals can currently claim for donating to scholarship granting organizations, which are entities that provide scholarships to students. Specifically, it amends the Internal Revenue Code of 1986 to remove section 25F, which details this tax credit, and also removes section 139K, which likely relates to the tax treatment of these scholarships. These changes are intended to take effect for tax years ending after December 31, 2026, with the exclusion from gross income provisions applying to amounts received after that date.
Committee Categories
Budget and Finance
Sponsors (36)
Mark Kelly (D)*,
Tammy Baldwin (D),
Michael Bennet (D),
Richard Blumenthal (D),
Lisa Blunt Rochester (D),
Cory Booker (D),
Chris Coons (D),
Tammy Duckworth (D),
Dick Durbin (D),
John Fetterman (D),
Ruben Gallego (D),
Kirsten Gillibrand (D),
Martin Heinrich (D),
John Hickenlooper (D),
Mazie Hirono (D),
Tim Kaine (D),
Andy Kim (D),
Angus King (I),
Ben Ray Luján (D),
Ed Markey (D),
Jeff Merkley (D),
Chris Murphy (D),
Alex Padilla (D),
Gary Peters (D),
Jack Reed (D),
Bernie Sanders (I),
Brian Schatz (D),
Adam Schiff (D),
Chuck Schumer (D),
Jeanne Shaheen (D),
Tina Smith (D),
Chris Van Hollen (D),
Elizabeth Warren (D),
Peter Welch (D),
Sheldon Whitehouse (D),
Ron Wyden (D),
Last Action
Read twice and referred to the Committee on Finance. (on 04/15/2026)
Bill Topics
Education
- ‐ Elementary and Secondary Education
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/119th-congress/senate-bill/4297/all-info | 04/16/2026 |
| BillText | https://www.congress.gov/119/bills/s4297/BILLS-119s4297is.pdf | 04/23/2026 |
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