3.0.0 301 2025-05-27T14:16:40Z 2025-05-27T14:16:40Z Senate S S 2023-02-07 118 ssfi00 Finance Committee Senate Standing Referred To 2023-02-07T22:24:57Z 2023-02-07 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2023-02-07 Introduced in Senate IntroReferral 10000 9 Library of Congress R000595 Sen. Rubio, Marco [R-FL] Marco Rubio R FL N Taxation Charitable contributions 2023-03-15T13:45:17Z Elementary and secondary education 2023-03-15T13:45:17Z Income tax credits 2023-03-15T13:45:17Z Sales and excise taxes 2023-03-15T13:45:17Z Social work, volunteer service, charitable organizations 2023-03-15T13:45:17Z Student aid and college costs 2023-03-15T13:45:17Z Taxation 2023-03-01T14:01:45Z

00 2023-02-07 Introduced in Senate 2023-02-27T15:04:57Z <p><b>Educational Opportunities Act </b><strong>of 2023</strong></p> <p>This bill allows individual taxpayers a tax credit for charitable contributions to a scholarship granting organization. The bill allows a maximum credit amount of $4,500 ($2,250 for a married individual filing a separate return). A <i>scholarship granting organization</i> is a tax-exempt entity whose exclusive purpose is to provide scholarships for the tuition and other education expenses of elementary and secondary school students from low-income households (i.e., household income not exceeding 250% of federal poverty guidelines).</p> <p>The bill allows corporate taxpayers a tax credit, up to $100,000, for contributions to a scholarship granting organization. It also imposes a penalty on scholarship granting organizations that fail to distribute at least 90% of their total receipts for elementary and secondary school expenses in a taxable year.</p>

Display Title 45 2024-07-24T15:23:53Z Short Title(s) as Introduced 101 2024-05-24T13:42:40Z Introduced in Senate IS Official Title as Introduced 6 2023-02-22T08:28:50Z Introduced in Senate IS Introduced in Senate 2023-02-07T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s301is/xml/BILLS-118s301is.xml 2023-02-07 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.