To amend the Internal Revenue Code of 1986 to allow a credit against tax for qualified elementary and secondary education tuition.
Summary
What This Bill Does
The bill creates tax credit for contributions to scholarship granting organizations Subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 25E the following, creates contributions for qualified elementary and secondary education tuition In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount, and creates 45AA. Contributions to scholarship granting organizations. It relies on definition changes, grants, appropriations, and tax credits. The main policy areas are Education, Environment, Housing, and Criminal Justice.
Who Benefits and How
Educational institutions and students affected by the bill could face lower compliance burdens, Law enforcement, justice-system actors, and affected communities could face lower compliance burdens, and Homeowners, tenants, or housing market participants affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Educational institutions and students affected by the bill would take on compliance duties, and Public beneficiaries or protected communities affected by the clause could face increased risk.
Key Provisions
- Creates tax credit for contributions to scholarship granting organizations Subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 25E the following...
- Creates contributions for qualified elementary and secondary education tuition In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount...
- Creates 45AA. Contributions to scholarship granting organizations.
- Creates tax on failure to distribute receipts There is hereby imposed a tax on the failure of an scholarship granting organization (as defined in section 25F(c)(2)) to make distributions in any taxable year in an amount...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates tax credit for contributions to scholarship granting organizations Subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 25E the following, creates contributions for qualified elementary and secondary education tuition In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount, and creates 45AA. Contributions to scholarship granting organizations.
Key Policy Areas
Education, Environment, Housing, Criminal Justice
Primary Purpose
The bill creates tax credit for contributions to scholarship granting organizations Subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 25E the following, creates contributions for qualified elementary and secondary education tuition In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount, and creates 45AA. Contributions to scholarship granting organizations.
Policy Domains
Whole bill
Identified Gains
- Educational institutions and students affected by the bill
- Law enforcement, justice-system actors, and affected communities
- Homeowners, tenants, or housing market participants affected by the bill
- Environmental and public health interests affected by the bill
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Educational institutions and students affected by the bill
- Public beneficiaries or protected communities affected by the clause
Sponsors
Legislative Progress
IntroducedMr. Rubio introduced the following bill; which was read twice …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Law enforcement, justice-system actors, and affected communities
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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