S. 297: Educational Opportunities Act

Introduced:
Feb 13, 2013 (113th Congress, 2013–2015)
Sponsor:
Sen. Marco Rubio [R-FL]
Status:
Referred to Committee
See Instead:

H.R. 1381 (same title)
Referred to Committee — Mar 21, 2013

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was assigned to a congressional committee on February 13, 2013, which will consider it before possibly sending it on to the House or Senate as a whole.

Progress
Introduced Feb 13, 2013
Referred to Committee Feb 13, 2013
Reported by Committee ...
Passed Senate ...
Passed House ...
Signed by the President ...
Prognosis

1% chance of getting past committee.
0% chance of being enacted.

Only 12% of Senate bills made it past committee and only 2% were enacted in 2011–2013. [show factors | methodology]

Cosponsors
none
Committees

Senate Finance

The committee chair determines whether a bill will move past the committee stage.

Full Title

A bill to amend the Internal Revenue Code of 1986 to allow a credit against tax for qualified elementary and secondary education tuition.

Summary

No summaries available.

Text

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Last updated Feb 13, 2013.
15 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

2/13/2013--Introduced.
Educational Opportunities Act - Amends the Internal Revenue Code to allow individual taxpayers a tax credit for charitable contributions to a scholarship granting organization.
Allows a maximum credit amount of $4,500 ($2,250 for a married individual filing a separate return).
Defines "scholarship granting organization" as a tax-exempt entity whose exclusive purpose is to provide scholarships for the tuition and other expenses of elementary and secondary school students from low income households (i.e., household income not exceeding 250% of federal poverty guidelines).
Allows corporate taxpayers a tax credit, up to $100,000, for contributions to a scholarship granting organization.
Imposes a penalty on scholarship granting organizations that fail to distribute at least 90% of their total receipts for elementary and secondary school expenses in a taxable year.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

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