S 370 · 119th Congress

Education Freedom Scholarships and Opportunity Act

This bill creates a new federal tax credit system to encourage donations to scholarship programs and workforce training organizations. Here's how it works: individuals can claim a tax credit equal to their donations (up to 10% of their adjusted gross income), and corporations can claim a credit up to 5% of their tax…

Sponsor

Cruz, Ted (R-Texas)

Introduced

2025-02-03

Policy area

Taxation

Latest action

Read twice and referred to the Committee on Finance.