A resolution recognizing the duty of the Federal Government to implement an agenda to Transform, Heal, and Renew by Investing in a Vibrant Economy ("THRIVE").
- Last Action
- 2/8/2021
Actions
- 2021-01-26Read twice and referred to the Committee on Finance.
- 2021-01-26Introduced in Senate
CRS Summary
As of 2021-01-26 (00)
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.
Cosponsors (9)
- Joni Ernst (R-IA)
- Kevin Cramer (R-ND)
- Patrick Toomey (R-PA)
- Ben Sasse (R-NE)
- Todd Young (R-IN)
- Bill Cassidy (R-LA)
- Marsha Blackburn (R-TN)
- James Lankford (R-OK)
- Tim Scott (R-SC)
Subjects
- Charitable contributions
- Elementary and secondary education
- Employment and training programs
- Government information and archives
- Higher education
- Income tax credits
- Social work, volunteer service, charitable organizations
- Student aid and college costs
- Vocational and technical education
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.