Education Freedom Scholarships and Opportunity Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Jan 24, 2023)
Education Freedom Scholarships and Opportunity Act
This bill allows individual and corporate taxpayers a tax credit for cash contributions to certain scholarship-granting and workforce training organizations. It imposes a cap of $10 billion on the sum of contributions that qualify for a tax credit under this bill.
The bill requires the Department of Education, in coordination with the Departments of the Treasury and Labor, to establish, host, and maintain a web portal that (1) lists all eligible scholarship-granting and workforce training 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 educational organizations, including information on student eligibility and allowable educational expenses.
What just happenedJan 24, 2023
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateJan 24, 2023
- Jan 24, 2023IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Jan 24, 2023IntroReferral10000
Introduced in Senate