S 4416
117th Congress
Senate
Taxation
Charitable contributions
Elementary and secondary education
Income tax credits
Student aid and college costs
Tax-exempt organizations
Educational Choice for Children Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 16, 2022
Read twice and referred to the Committee on Finance.
Jun 16, 2022
Introduced in Senate
Plain-English summary
Educational Choice for Children Act
This bill allows individuals and corporations a new tax credit after 2022 for charitable contributions to tax-exempt organizations that provide scholarships to elementary and secondary school students. Such students must be members of a household with incomes not greater 300% of the area median gross income and be eligible to enroll in a public elementary or secondary school.
The bill excludes from the gross income of taxpayer dependents any scholarship amount for the elementary or secondary education expenses of eligible students. It also prohibits governmental control over scholarship granting organizations.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1