S 5322·Federal·senate
Federal Tax Credit Scholarship Improvement Act
In CommitteeFiled Aug 6, 2026
Sponsor: Sen. Hyde-Smith, Cindy [R-MS] (R)
Latest Action
Read twice and referred to the Committee on Finance.
Aug 6, 2026
Summary
The legislation proposes to amend the Internal Revenue Code to modify the amount of the credit for qualified elementary and secondary education scholarships. It would affect taxpayers who claim this credit, primarily families paying for K‑12 schooling. Adjusting the credit could increase or decrease the tax benefit families receive for education expenses.
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