Bill · S. 5420· Senate(119-S-5420)
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.
- Introduced
- 9/17/2026
- Last activity
- 9/17/2026 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Bill Cassidy
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill is about changing the tax rules for certain education scholarships. It was introduced in the Senate by Mr. Cassidy on September 17, 2026. The main goal is to increase the credit limit for qualified elementary and secondary education scholarships. Specifically, it targets married taxpayers who file a joint return. The change updates Section 25F(b)(1) of the Internal Revenue Code of 1986. This new rule will apply to taxable years that begin after December 31, 2025.
Yes· 3 of 9
Does this make it easier to use public money at a school other than the local one?+5
Increasing the credit limit for elementary and secondary education scholarships encourages private and alternative school choice support.
Would middle-income households be better off under this?+4
Married joint filers qualifying for the scholarship tax credit benefit from an increased credit limit.
Would students be better off under this?+4
The bill increases the tax credit limit for elementary and secondary education scholarships, potentially increasing scholarship availability for students.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Section 1(a) increases the credit limit to 200 percent of the standard amount for married taxpayers filing a joint return, which could benefit couples by giving them a larger tax credit for elementary and secondary education scholarships.
Potential Negative Impacts for People
- The provided text does not contain any specific sections or provisions that mention negative consequences or burdens for individuals or groups of people.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Middle Class Households+4Good For Students+4Good For Children+3Good For High Income Households+3Good For Middle Aged+3Good For Low Income Households+2Good For Young Adults+2
- Education And Technology
- Improves School Choice+5
- Economy And Finance
- Reduces Middle Class Taxes+4
- 9/17/2026
- Read twice and referred to the Committee on Finance.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.