Legis Daily

Education Freedom Scholarships and Opportunity Act

USA118th CongressS-56| Senate 
| Updated: 1/24/2023
Ted Cruz

Ted Cruz

Republican Senator

Texas

Cosponsors (5)
Rick Scott (Republican)Eric Schmitt (Republican)Marsha Blackburn (Republican)Kevin Cramer (Republican)James Lankford (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline

Bill from Previous Congress

S 117-43
Education Freedom Scholarships and Opportunity Act

Bill from Previous Congress

S 116-634
Education Freedom Scholarships and Opportunity Act
Jan 24, 2023
Introduced in Senate
Jan 24, 2023
Read twice and referred to the Committee on Finance.
  • Bill from Previous Congress

    S 117-43
    Education Freedom Scholarships and Opportunity Act


  • Bill from Previous Congress

    S 116-634
    Education Freedom Scholarships and Opportunity Act


  • January 24, 2023
    Introduced in Senate


  • January 24, 2023
    Read twice and referred to the Committee on Finance.

Taxation

Charitable contributionsElementary and secondary educationEmployment and training programsGovernment information and archivesHigher educationIncome tax creditsSocial work, volunteer service, charitable organizationsStudent aid and college costsVocational and technical education

Education Freedom Scholarships and Opportunity Act

USA118th CongressS-56| Senate 
| Updated: 1/24/2023
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 117-43
Education Freedom Scholarships and Opportunity Act

Bill from Previous Congress

S 116-634
Education Freedom Scholarships and Opportunity Act
Jan 24, 2023
Introduced in Senate
Jan 24, 2023
Read twice and referred to the Committee on Finance.
  • Bill from Previous Congress

    S 117-43
    Education Freedom Scholarships and Opportunity Act


  • Bill from Previous Congress

    S 116-634
    Education Freedom Scholarships and Opportunity Act


  • January 24, 2023
    Introduced in Senate


  • January 24, 2023
    Read twice and referred to the Committee on Finance.
Ted Cruz

Ted Cruz

Republican Senator

Texas

Cosponsors (5)
Rick Scott (Republican)Eric Schmitt (Republican)Marsha Blackburn (Republican)Kevin Cramer (Republican)James Lankford (Republican)

Finance Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Charitable contributionsElementary and secondary educationEmployment and training programsGovernment information and archivesHigher educationIncome tax creditsSocial work, volunteer service, charitable organizationsStudent aid and college costsVocational and technical education