Local Education Authority Returns Now Act
Official title: To allow a State to opt out of K-12 education grant programs and the requirements of those programs, to amend the Internal Revenue Code of 1986 to provide a cr… Show full official titleShow less
Official title: To allow a State to opt out of K-12 education grant programs and the requirements of those programs, to amend the Internal Revenue Code of 1986 to provide a credit to taxpayers in such a State, and for other purposes.
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Referred to the Subcommittee on Early Childhood, Elementary, and Secondary Education.
Local Education Authority Returns Now Act - Requires the Secretary of the Treasury to make an annual determination of states that have chosen to opt-out of K-12 education grant programs.
Requires the Secretary of Education to determine credits due to states as opt-out state education amounts.
Amends the Internal Revenue Code to allow individual taxpayers in states that opt-out a refundable tax credit for a share of the opt-out amount creditable to such states.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 5340: Local Education Authority Returns Now Act. 111th Congress. Open America. https://openamerica.io/bill/111-HR-5340/
"H.R. 5340: Local Education Authority Returns Now Act." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-5340/.
H.R. 5340, 111th Cong. (2026), https://openamerica.io/bill/111-HR-5340/.
[H.R. 5340: Local Education Authority Returns Now Act](https://openamerica.io/bill/111-HR-5340/)