Keep Public Funds in Public Schools Act
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Overview
This bill, the Keep Public Funds in Public Schools Act, repeals a tax credit that allows individuals to deduct contributions made to scholarship-granting organizations. It also removes a provision that allows these organizations to exclude scholarship amounts from the gross income of recipients. The changes take effect starting January 1, 2027.
Key provisions
- Repeals the individual contribution tax credit for scholarship granting organizations.
- Removes the provision allowing scholarship amounts to be excluded from gross income.
- The changes apply to taxable years beginning after December 31, 2026.
Who is affected
- Individuals who donate to scholarship-granting organizations
- Scholarship-granting organizations
- Taxpayers receiving scholarships
Notable changes
- Eliminates a tax benefit for donors to scholarship organizations.
- Changes the tax treatment of scholarship income for recipients.
Fiscal impact
The bill is expected to increase federal revenue by eliminating the tax credit for contributions to scholarship-granting organizations.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
35 on record
Primary sponsor
Cosponsors
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours