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HR9462FEDERALUNKNOWN
High Impact

Educational Choice for Children Act of 2024

October 4, 2024

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The Frame

What this does

The bill establishes a $5 billion annual national tax credit program for private education funding, which directly impacts the tax liabilities of donors and the availability of private school scholarships for students in households earning up to 300% of the area median income.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Individual Taxpayers

Taxpayers may claim a credit against federal income tax for donations made to scholarship granting organizations.

Private and Religious Schools

These institutions are eligible to receive tuition payments funded by scholarships, and the bill prohibits government control over their religious character or policies.

Scholarship Granting Organizations

These nonprofits must meet specific audit, income verification, and distribution requirements to remain eligible to receive tax-advantaged contributions.

What changed

Last recorded activity October 4, 2024.

What's next

Introduced.

Summary

This bill creates a federal tax credit for individuals who donate to nonprofit organizations that provide private school and educational scholarships to students. It also ensures that scholarship funds are not counted as taxable income for families and prohibits government agencies from controlling the private schools or organizations involved.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Why It Matters

The bill establishes a $5 billion annual national tax credit program for private education funding, which directly impacts the tax liabilities of donors and the availability of private school scholarships for students in households earning up to 300% of the area median income.

Frequently Asked Questions

Who qualifies for these scholarships?
Students who are eligible to enroll in public school and live in households with an income no greater than 300% of the .
Can I use the scholarship for homeschooling expenses?
Yes, the bill includes expenses for homeschooling as qualified elementary or secondary education expenses.
What happens if the $5 billion cap is reached?
The credits are allocated on a first-come, first-served basis based on the date the contribution is made.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Lobbying Activity

2020 STRATEGIES LLC

on behalf of Invest in Education Coalition

2024

EDUCATION

Educational Choice for Children Act

2020 STRATEGIES LLC

on behalf of Invest in Education Coalition

2024

EDUCATION

Educational Choice for Children Act

2020 STRATEGIES LLC

on behalf of Invest in Education Coalition

2024

EDUCATION

Educational Choice for Children Act

2020 STRATEGIES LLC

on behalf of Invest in Education Coalition

2024

EDUCATION

Educational Choice for Children Act DC Opportunity Scholarship Program (SOAR Act)

Sponsors

Show 6 more sponsors

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Federalization of School Choice

This bill attempts to create a national framework for school choice tax credits, moving beyond the current patchwork of state-level programs.

Analysis Score

0–100
  • Significance85
    How much this matters to a regular citizen
  • Controversy80
    Intensity of disagreement among stakeholders
  • Entertainment10
    Compellingness for a non-policy-wonk reader
  • Buzz40
    Current news / social attention level

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