To amend the Internal Revenue Code of 1986 to establish tax credits to encourage individual and corporate taxpayers to contribute to scholarships for students through eligible scholarship-granting organizations and eligible workforce training organizations, and for other purposes.
Summary
What This Bill Does
The bill creates purpose The purpose of this Act is to encourage individual and corporate taxpayers to contribute to scholarships for individual students through eligible scholarship-granting organizations and eligible workforce, creates tax credits for contributions to eligible scholarship-granting organizations and eligible workforce training organizations Subpart A of part IV of subchapter A of chapter 1 is amended by adding after section 25E, and creates contributions to eligible scholarship-granting organizations and eligible workforce training organizations In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter. It relies on grants, tax credits, definition changes, and reporting requirements. The main policy areas are Education, Housing, Environment, and Civil Rights.
Who Benefits and How
Educational institutions and students affected by the bill could face lower compliance burdens, Homeowners, tenants, or housing market participants affected by the bill could gain revenue opportunities, and Tribal governments and members 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 and Educational institutions and students affected by the bill would take on compliance duties.
Key Provisions
- Creates purpose The purpose of this Act is to encourage individual and corporate taxpayers to contribute to scholarships for individual students through eligible scholarship-granting organizations and eligible workforce...
- Creates tax credits for contributions to eligible scholarship-granting organizations and eligible workforce training organizations Subpart A of part IV of subchapter A of chapter 1 is amended by adding after section 25E...
- Creates contributions to eligible scholarship-granting organizations and eligible workforce training organizations In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter...
- Creates 45AA. Contributions to eligible scholarship-granting organizations and eligible workforce training organizations.
- Creates education Freedom Scholarships and Opportunity Act web portal and administration.
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 purpose The purpose of this Act is to encourage individual and corporate taxpayers to contribute to scholarships for individual students through eligible scholarship-granting organizations and eligible workforce, creates tax credits for contributions to eligible scholarship-granting organizations and eligible workforce training organizations Subpart A of part IV of subchapter A of chapter 1 is amended by adding after section 25E, and creates contributions to eligible scholarship-granting organizations and eligible workforce training organizations In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter.
Key Policy Areas
Education, Housing, Environment, Civil Rights
Primary Purpose
The bill creates purpose The purpose of this Act is to encourage individual and corporate taxpayers to contribute to scholarships for individual students through eligible scholarship-granting organizations and eligible workforce, creates tax credits for contributions to eligible scholarship-granting organizations and eligible workforce training organizations Subpart A of part IV of subchapter A of chapter 1 is amended by adding after section 25E, and creates contributions to eligible scholarship-granting organizations and eligible workforce training organizations In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter.
Policy Domains
Whole bill
Identified Gains
- Educational institutions and students affected by the bill
- Homeowners, tenants, or housing market participants affected by the bill
- Tribal governments and members 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
Sponsors
Legislative Progress
IntroducedMr. Cruz (for himself, Mrs. Blackburn, Mr. Cramer, Mr. Lankford, …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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