HR. 817In Committee
To amend the Internal Revenue Code of 1986 to allow a credit against tax for charitable donations to nonprofit organizations providing education scholarships to qualified elementary and secondary students.
Establishes a nonrefundable tax credit for donations to scholarship granting organizations that fund K-12 education scholarships, with annual caps and related rules
Plain-English overview
What this bill does
Establishes a nonrefundable tax credit for donations to scholarship granting organizations that fund K-12 education scholarships, with annual caps and related rules
Key points
- Establish tax credit
- Prohibit restrictions on scholarship use
- Limit annual credit allocations
- Allow five year carryforward
Current status
Where it stands
Status
In Committee
Latest action
2025-01-28 — Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Related context
Topics and policy areas
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