Educational Choice for Children Act of 2024
The source supplies the latest action, but no lifecycle stage.
Latest action (4 Oct 2024): Placed on the Union Calendar, Calendar No. 600.
What this bill does
This bill, H.R. 9462, would amend the Internal Revenue Code to allow individuals to receive a tax credit for charitable donations made to nonprofit organizations that provide education scholarships to elementary and secondary students. These scholarships could cover expenses such as tuition, curriculum, books, and tutoring for eligible students. The credit would be subject to certain limitations, including a percentage of adjusted gross income or a maximum dollar amount, and a national volume cap.
The bill affects individuals who make charitable contributions to eligible scholarship-granting organizations and the eligible students who receive scholarships. It defines "eligible students" as those from households with incomes not exceeding 300% of the area median gross income and who are eligible to attend public elementary or secondary schools. It also clarifies that scholarships received under this program would not be considered taxable income.
H.R. 9462 was introduced in September 2024 and has been reported out of the Committee on Ways and Means with an amendment. It is now committed to the Committee of the Whole House on the State of the Union, meaning it is scheduled for consideration by the full House of Representatives.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
4 Oct 2024
Placed on the Union Calendar, Calendar No. 600.
Common questions
- What does H.R. 9462 do?
- This bill, H.R. 9462, would amend the Internal Revenue Code to allow individuals to receive a tax credit for charitable donations made to nonprofit organizations that provide education scholarships to elementary and secondary students. These scholarships could cover expenses such as tuition, curriculum, books, and tutoring for eligible students. The credit would be subject to certain limitations, including a percentage of adjusted gross income or a maximum dollar amount, and a national volume cap. The bill affects individuals who make charitable contributions to eligible scholarship-granting organizations and the eligible students who receive scholarships. It defines "eligible students" as those from households with incomes not exceeding 300% of the area median gross income and who are eligible to attend public elementary or secondary schools. It also clarifies that scholarships received under this program would not be considered taxable income. H.R. 9462 was introduced in September 2024 and has been reported out of the Committee on Ways and Means with an amendment. It is now committed to the Committee of the Whole House on the State of the Union, meaning it is scheduled for consideration by the full House of Representatives.
- Has H.R. 9462 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 9462. Check the latest action and official source below.
- Who sponsored H.R. 9462?
- H.R. 9462 was sponsored by Rep. Smith, Adrian [R-NE-3] (R-NE), with 23 cosponsors.
- What's the latest action on H.R. 9462?
- Placed on the Union Calendar, Calendar No. 600. (4 Oct 2024).
Related bills in Taxation
National Taxpayer Advocate Enhancement Act of 2025
End Tax Penalties on American Hostages Act
School Freedom Act of 2026
RELA Act of 2026
More bills from Rep. Smith, Adrian [R-NE-3]
Fair Play Enforcement Act
Strengthening Innovation in Medicare and Medicaid Act
To amend the Internal Revenue Code of 1986 to eliminate the State opt-in requirement for the qualified elementary and secondary education scholarship credit.
To amend the Internal Revenue Code of 1986 to increase the qualified elementary and secondary education scholarships credit limit for married taxpayers filing a joint return.
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