Keep Public Funds in Public Schools Act
Sen. Kelly Introduces Keep Public Funds in Public Schools Act to End Private School Tax Credits
A bill to amend the Internal Revenue Code of 1986 to repeal the tax credit for contributions of individuals to scholarship granting organizations, and for other purposes.
This bill was introduced in the Senate and is currently being reviewed by the Committee on Finance. No further actions are scheduled at this time. The bill is in the early stages of the legislative process.
Legislative Progress
This bill is supported only by Democrats and faces strong opposition from those who support school choice and private school vouchers.
Key Points
Impact Analysis
Personal Impact
Students currently receiving private school scholarships through these organizations could see their funding dry up if donors lose the tax credit incentive. Additionally, scholarship recipients would need to count scholarship money as taxable income, which could reduce the net value of their awards and create new tax burdens for families.
“Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by striking section 139K.”
Milestones
Read twice and referred to the Committee on Finance.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Related News
4 articles
Senate Bill Proposes Rollback Of Federal School Vouchers
Senators Mark Kelly and Mazie Hirono introduced the Keep Public Funds in Public Schools Act to strike Section 25F of the IRS Code, which created the federal school voucher program. The bill aims to eliminate the $1,700 tax credit for private school scholarship donations before it takes effect.
Dem. senator proposes bill to overturn federal school choice; advocates refute false claims
Sen. Mark Kelly proposed the Keep Public Funds in Public Schools Act to repeal the federal Education Freedom Tax Credit. School choice advocates criticized the move, arguing the program saves taxpayer money and that Kelly's claims about budget impacts in Arizona are 'completely embarrassing.'
Coalition aims to bring private school vouchers to Mass.
As a coalition pushes for Massachusetts to adopt the federal Education Freedom Tax Credit, Sen. Mark Kelly filed the Keep Public Funds in Public Schools Act to repeal the program. Kelly cited Arizona's experience with vouchers as a 'cautionary tale' of fraud and public school disinvestment.
Source Information
Document Type
Congressional Bill
Official Title
A bill to amend the Internal Revenue Code of 1986 to repeal the tax credit for contributions of individuals to scholarship granting organizations, and for other purposes.
Data Sources
Sponsor
Cosponsors
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