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.
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, S. 5421, proposes to change how a specific tax credit for qualified elementary and secondary education scholarships functions. Currently, states must choose to "opt-in" for this credit to be available. The bill would remove this requirement, meaning the credit would no longer depend on a state's decision to participate.
The primary effect would be on the availability of the qualified elementary and secondary education scholarship credit itself. By eliminating the state opt-in requirement, the credit would become generally applicable without needing individual state approval. The bill's text indicates amendments to the Internal Revenue Code of 1986 related to this credit.
S. 5421 was introduced in the Senate and referred to the Committee on Finance. It is currently in the earliest stage of the legislative process. For the bill to become law, it would need to pass both the Senate and the House of Representatives and then be signed by the President.
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. 5421 do?
- This bill, S. 5421, proposes to change how a specific tax credit for qualified elementary and secondary education scholarships functions. Currently, states must choose to "opt-in" for this credit to be available. The bill would remove this requirement, meaning the credit would no longer depend on a state's decision to participate. The primary effect would be on the availability of the qualified elementary and secondary education scholarship credit itself. By eliminating the state opt-in requirement, the credit would become generally applicable without needing individual state approval. The bill's text indicates amendments to the Internal Revenue Code of 1986 related to this credit. S. 5421 was introduced in the Senate and referred to the Committee on Finance. It is currently in the earliest stage of the legislative process. For the bill to become law, it would need to pass both the Senate and the House of Representatives and then be signed by the President.
- Has S. 5421 become law?
- The source does not supply a confirmed lifecycle stage for S. 5421. Check the latest action and official source below.
- Who sponsored S. 5421?
- S. 5421 was sponsored by Sen. Cassidy, Bill [R-LA] (R-LA), with 0 cosponsors.
- What's the latest action on S. 5421?
- Read twice and referred to the Committee on Finance. (17 Sep 2026).
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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.
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