A bill 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.
The source supplies the latest action, but no lifecycle stage.
Latest action (17 Sep 2026): Read twice and referred to the Committee on Finance.
What this bill does
This bill proposes to amend the Internal Revenue Code of 1986. Specifically, it aims to increase the limit for the qualified elementary and secondary education scholarships credit for married taxpayers who file a joint tax return. The current limit would be doubled for these taxpayers.
This change would affect married couples filing jointly who are eligible for and utilize the qualified elementary and secondary education scholarships credit. The bill is intended to apply to tax years starting after December 31, 2025.
The bill was introduced in the Senate on September 17, 2026, by Senator Bill Cassidy. It has been read twice and referred to the Committee on Finance. No further actions have been taken on the bill since its introduction.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
17 Sep 2026
Read twice and referred to the Committee on Finance.
Common questions
- What does S. 5420 do?
- This bill proposes to amend the Internal Revenue Code of 1986. Specifically, it aims to increase the limit for the qualified elementary and secondary education scholarships credit for married taxpayers who file a joint tax return. The current limit would be doubled for these taxpayers. This change would affect married couples filing jointly who are eligible for and utilize the qualified elementary and secondary education scholarships credit. The bill is intended to apply to tax years starting after December 31, 2025. The bill was introduced in the Senate on September 17, 2026, by Senator Bill Cassidy. It has been read twice and referred to the Committee on Finance. No further actions have been taken on the bill since its introduction.
- Has S. 5420 become law?
- The source does not supply a confirmed lifecycle stage for S. 5420. Check the latest action and official source below.
- Who sponsored S. 5420?
- S. 5420 was sponsored by Sen. Cassidy, Bill [R-LA] (R-LA), with 0 cosponsors.
- What's the latest action on S. 5420?
- Read twice and referred to the Committee on Finance. (17 Sep 2026).
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 Sen. Cassidy, Bill [R-LA]
Taxpayer Funded Compensation Accountability Act
Domestic Manufacturing Revitalization Act of 2026
Safe and Fair Elections Act of 2026
A bill to amend the Internal Revenue Code of 1986 to eliminate the State opt-in requirement for the qualified elementary and secondary education scholarship credit.
Bill100 mirrors the public U.S. legislative record from Congress.gov and GovTrack and adds plain-English AI summaries. It is an information tool, not legal, compliance or lobbying advice, and it is not affiliated with the U.S. Congress or any government agency. AI summaries can simplify or omit detail — every bill links to the official source; verify there before you rely on it.