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Tax Credit for Elementary and Secondary School Scholarships

This bill creates new tax credits for individuals and corporations who donate to organizations providing scholarships for K-12 school tuition. It aims to help lower-income families afford private or other tuition-charging schools by encouraging charitable contributions.
Key points
Individuals can get a tax credit up to $4,500 for donations to scholarship granting organizations.
Corporations can get a tax credit up to $100,000 for qualified contributions.
Scholarships are for eligible students from households with income up to 250% of the Federal poverty guidelines.
Schools accepting scholarship students must report on academic achievement and test results.
Scholarship organizations must distribute most funds received and undergo annual audits.
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Additional Information
Print number: 117_S_447
Sponsor: Sen. Rubio, Marco [R-FL]
Process start date: 2021-02-25
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Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Educational Opportunities Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_447.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-02-25.

What are the main provisions?

Key points include:

  • Individuals can get a tax credit up to $4,500 for donations to scholarship granting organizations.
  • Corporations can get a tax credit up to $100,000 for qualified contributions.
  • Scholarships are for eligible students from households with income up to 250% of the Federal poverty guidelines.
  • Schools accepting scholarship students must report on academic achievement and test results.
  • Scholarship organizations must distribute most funds received and undergo annual audits.
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 Sen. Rubio, Marco [R-FL].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes Education Family