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Tax Credits for Educational Scholarships for Children

This act introduces new tax credits for individuals and corporations donating to organizations that provide scholarships for elementary and secondary education. The goal is to support parental choice in schooling, including private and religious schools, by making educational funding more accessible for students from lower-income households.
Key points
Taxpayers can claim a credit for donations to scholarship granting organizations, potentially reducing their tax bill.
Scholarships are for students whose household income is not more than 300% of the area median gross income.
Scholarships can cover qualified elementary and secondary education expenses, including those at private and religious schools.
The act protects the autonomy of scholarship organizations and non-public schools from government control.
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Additional Information
Print number: 117_HR_8137
Sponsor: Rep. Walorski, Jackie [R-IN-2]
Process start date: 2022-06-16