H.R.1434 - Education Freedom Scholarships and Opportunity Act116th Congress (2019-2020)
|Sponsor:||Rep. Byrne, Bradley [R-AL-1] (Introduced 02/28/2019)|
|Committees:||House - Ways and Means; Education and Labor|
|Latest Action:||House - 02/28/2019 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, 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. (All Actions)|
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Summary: H.R.1434 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (02/28/2019)
Education Freedom Scholarships and Opportunity Act
This bill allows individual and corporate taxpayers a tax credit for cash contributions to tax-exempt scholarship-granting organizations for elementary and secondary education expenses. It imposes a cap of $5 billion on the amount of contributions that qualify for a tax credit.
The bill directs the Department of Education, in coordination with the Department of the Treasury, to establish, host, and maintain a web portal that (1) lists all eligible scholarship-granting 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 scholarship-granting organizations, including information on student eligibility and allowable educational expenses.