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Tax Credits for K-12 Education Scholarships.

This act introduces new tax credits for individuals and corporations who contribute to scholarships for elementary and secondary students. The goal is to support education through scholarship-granting organizations, potentially helping families cover educational expenses, including private school tuition.
Key points
Individuals can receive a tax credit up to 10% of their adjusted gross income for contributions to education scholarships.
Corporations can receive a tax credit up to 5% of their taxable income for contributions to education scholarships.
Scholarships can be used for elementary and secondary education expenses, including career and technical education.
Scholarship amounts are not considered income for federal tax purposes or for determining eligibility for other federal programs.
The act sets an annual national cap of $5 billion on total tax credits, allocated among states with a focus on lower-income areas.
A web portal will be established to facilitate contributions and tax credit pre-approvals.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_889
Sponsor: Rep. Owens, Burgess [R-UT-4]
Process start date: 2021-02-05
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Education Freedom Scholarships and Opportunity Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_889.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-02-05.

What are the main provisions?

Key points include:

  • Individuals can receive a tax credit up to 10% of their adjusted gross income for contributions to education scholarships.
  • Corporations can receive a tax credit up to 5% of their taxable income for contributions to education scholarships.
  • Scholarships can be used for elementary and secondary education expenses, including career and technical education.
  • Scholarship amounts are not considered income for federal tax purposes or for determining eligibility for other federal programs.
  • The act sets an annual national cap of $5 billion on total tax credits, allocated among states with a focus on lower-income areas.
  • A web portal will be established to facilitate contributions and tax credit pre-approvals.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Owens, Burgess [R-UT-4].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes Education Family