Proposed
Bill · 119th Congress · S 4297
Keep Public Funds in Public Schools Act
Refreshed 2 h ago
Introduced 2026-04-15Topic: taxes · educationSummary
AI-generated summary, report an errorThis bill would remove the federal income tax credit that individuals can claim for donating to scholarship granting organizations (section 25F of the tax code). It would also remove the tax code section (139K) that lets certain amounts received from these organizations be left out of a person's taxable income. The repeal of the credit would apply to tax years ending after December 31, 2026. The repeal of the income exclusion would apply to amounts received after December 31, 2026.
Sponsors
- Mark Kelly Democrat sponsor
- 35 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2026-04-15 | Senate | Read twice and referred to the Committee on Finance. | refer |
| 2026-04-15 | Introduced in Senate | introduce |