H.R. 1434

Referred to Committee

Education Freedom Scholarships and Opportunity Act

Introduced 2/28/2019•116th Congress•House

Latest Action

Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, 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.

2/28/2019 • House

Summary

Education Freedom Scholarships and Opportunity Act

This bill allows individual and corporate taxpayers a tax credit for cash contributions to tax-exempt scholarship-granting organizations for elementary and secondary education expenses. It imposes a cap of $5 billion on the amount of contributions that qualify for a tax credit.

The bill directs the Department of Education, in coordination with the Department of the Treasury, to establish, host, and maintain a web portal that (1) lists all eligible scholarship-granting organizations; (2) enables contributions to such organizations; (3) provides information about the benefits of this bill; and (4) enables a state to submit and update information about its programs and scholarship-granting organizations, including information on student eligibility and allowable educational expenses.

Introduced in House • 2/28/2019

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Topics & Subjects

Policy Area: Taxation

Charitable contributionsElementary and secondary educationGovernment information and archivesIncome tax creditsSocial work, volunteer service, charitable organizationsStudent aid and college costs