A senate committee must act next: committee consideration.
Legislative Progress
Senate
House
President
Law
Unlikely to pass
This bill was introduced by a member of the minority party and currently lacks the broad bipartisan support needed to move through a divided Congress.
Key Points
This bill changes how much money people can get back on their taxes when they donate to K-12 scholarship programs. The new limit for the tax credit would be set at $1,700 for an individual person.
Married couples who file their taxes together would be able to claim double the amount, up to $3,400. This change aims to make it easier for families to support private or charter school scholarships through tax-advantaged giving.
Starting in 2027, the maximum credit amount would automatically go up each year to keep pace with inflation. This ensures the value of the tax break does not drop as the cost of living rises over time.
The goal is to encourage more private donations to help students pay for elementary and high school education. If passed, these changes would start applying to the taxes people file for the year 2026.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
2 milestones2 actions
Aug 6, 2026Senate
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.
Aug 6, 2026
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
No votes, news coverage, or related bills recorded for this bill yet.
Source Information
Document Type
Congressional Bill
Official Title
Federal Tax Credit Scholarship Improvement Act
Bill NumberS 5322
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Finance.
