US SB634 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 17-0)
Status: Introduced on February 28 2019 - 25% progression, died in committee
Action: 2019-02-28 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 28 2019 - 25% progression, died in committee
Action: 2019-02-28 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Education Freedom Scholarships and Opportunity Act
Sponsors
Sen. Ted Cruz [R-TX] | Sen. Tim Scott [R-SC] | Sen. Lamar Alexander [R-TN] | Sen. Joni Ernst [R-IA] |
Sen. Tom Cotton [R-AR] | Sen. Pat Toomey [R-PA] | Sen. James Lankford [R-OK] | Sen. Todd Young [R-IN] |
Sen. Bill Cassidy [R-LA] | Sen. James Inhofe [R-OK] | Sen. John Boozman [R-AR] | Sen. Marsha Blackburn [R-TN] |
Sen. Richard Burr [R-NC] | Sen. Ben Sasse [R-NE] | Sen. Rick Scott [R-FL] | Sen. Kevin Cramer [R-ND] |
Sen. Kelly Loeffler [R-GA] |
History
Date | Chamber | Action |
---|---|---|
2019-02-28 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB1434 (Related) 2019-02-28 - 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.
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
Taxation
Vocational and technical education
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
Taxation
Vocational and technical education
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/634/all-info |
Text | https://www.congress.gov/116/bills/s634/BILLS-116s634is.pdf |