Bill113th Congress

H.R. 1381

Educational Opportunities Act

Ask AI
Introduced
Mar 21, 2013
Origin Chamber
House
Policy Area
Taxation
Latest Action
Jul 8, 2013
Latest Action

Referred to the Subcommittee on Early Childhood, Elementary, and Secondary Education.

Sponsor

Rep. Rokita, Todd [R-IN-4]

Republican·IN-4
Bioguide ID: R000592
First Name: Todd
Last Name: Rokita
By Request: N
10
Cosponsors
2
Committees
5
Actions
0
Amendments
1
Related Bills
6
Subjects
1
Summaries
3
Titles
1
Text Versions

Bill Details

Update Date
Nov 15, 2022
Origin Chamber
House
Bill Type
HR
Bill Number
1,381
Congress
113
Introduced Date
Mar 21, 2013
Policy Area
Taxation
Is Law
No
Jul 8, 2013Committee

Referred to the Subcommittee on Early Childhood, Elementary, and Secondary Education.

Source: House committee actions

Mar 21, 2013IntroReferralH11100

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

Source: House floor actions

Mar 21, 2013IntroReferralH11100

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

Source: House floor actions

Mar 21, 2013IntroReferralIntro-H

Introduced in House

Source: Library of Congress

Mar 21, 2013IntroReferral1000

Introduced in House

Source: Library of Congress

Introduced in House· Mar 21, 20130

Educational Opportunities Act - Amends the Internal Revenue Code to allow individual taxpayers a tax credit for charitable contributions to a scholarship granting organization. Allows a maximum credit amount of $4,500 ($2,250 for a married individual filing a separate return). Defines "scholarship granting organization" as a tax-exempt entity whose exclusive purpose is to provide scholarships for the tuition and other expenses of elementary and secondary school students from low income households (i.e., household income not exceeding 250% of federal poverty guidelines).

Allows corporate taxpayers a tax credit, up to $100,000, for contributions to a scholarship granting organization.

Imposes a penalty on scholarship granting organizations that fail to distribute at least 90% of their total receipts for elementary and secondary school expenses in a taxable year.

Education and the Workforce Committee

House· Standing

Ways and Means Committee

House· Standing
Charitable contributionsElementary and secondary educationIncome tax creditsSales and excise taxesSocial work, volunteer service, charitable organizationsStudent aid and college costs

Introduced in House

Mar 21, 2013

VIEW