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S 4297·Federal·senate

Keep Public Funds in Public Schools Act

In CommitteeFiled Apr 15, 2026
Sponsor: Sen. Kelly, Mark [D-AZ] (D)
Latest Action

Read twice and referred to the Committee on Finance.

Apr 15, 2026

Summary

The bill removes the federal tax credit that individuals receive for contributions to scholarship granting organizations and eliminates the related exclusion from taxable income. It would affect donors and the scholarship groups that rely on those donations, potentially reducing private funding for scholarships. The changes would apply to tax years ending after December 31, 2026.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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