To amend the Internal Revenue Code of 1986 to allow a credit against tax for charitable donations to nonprofit organizations providing education scholarships to qualified elementary and secondary students.

This bill creates a tax credit for people who donate money or stock to organizations that give scholarships to students for elementary and high school expenses. People can get a tax credit worth up to $5,000 or 10% of their income, whichever is higher. There is a $5 billion limit each year on how much total tax credit can be claimed nationwide from 2025-2028, and the Treasury Department will give out these credits on a first-come, first-served basis. The bill also says that government agencies cannot create rules that prevent scholarship money from being used at private or religious schools.

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