Tax Credits for Education Scholarships: Supporting School Choice
This act introduces new tax credits for individuals and corporations donating to organizations that provide education scholarships. This aims to give parents more options for their children's schooling, including private and religious schools, by helping to cover educational expenses through scholarships. The goal is to increase access to diverse educational opportunities for students.
Key points
Individuals and corporations can receive tax credits for charitable donations to organizations providing K-12 education scholarships.
Scholarships can cover a wide range of educational expenses, including tuition, materials, online courses, tutoring, tests, and therapies for students with disabilities.
The act protects the autonomy of scholarship organizations and private/religious schools from government control, ensuring parental choice.
An annual cap of $10 billion is set for the total amount of tax credits, with a mechanism for increasing it if usage is high.
Introduced
Additional Information
Print number: 119_HR_3519
Sponsor: Rep. Owens, Burgess [R-UT-4]
Process start date: 2025-05-20