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Tax Credits for Education and Workforce Training Scholarships

This act introduces new tax credits for individuals and corporations contributing to scholarships for K-12 students and workforce training. This allows citizens to support education and professional development while reducing their income tax. These scholarships will not be considered income for students or their parents.
Key points
Individuals can receive a tax credit up to 10% of their adjusted gross income for educational scholarship contributions.
Corporations can receive a tax credit up to 5% of their taxable income for scholarship contributions.
Scholarships can be used for elementary and secondary education, vocational training, workforce development, and apprenticeship programs.
A web portal will be established to facilitate contributions and pre-approval for tax credits.
An annual national cap of $10 billion on tax credits, split between educational scholarships and workforce training.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_370
Sponsor: Sen. Cruz, Ted [R-TX]
Process start date: 2025-02-03
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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 119_S_370.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-02-03.

What are the main provisions?

Key points include:

  • Individuals can receive a tax credit up to 10% of their adjusted gross income for educational scholarship contributions.
  • Corporations can receive a tax credit up to 5% of their taxable income for scholarship contributions.
  • Scholarships can be used for elementary and secondary education, vocational training, workforce development, and apprenticeship programs.
  • A web portal will be established to facilitate contributions and pre-approval for tax credits.
  • An annual national cap of $10 billion on tax credits, split between educational scholarships and workforce training.
What is the specific legal status?

The current status is Introduced.

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. Cruz, Ted [R-TX].

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 2025-12-23.

CATEGORIES

Taxes Education Labor