S. 297: Educational Opportunities Act

Introduced:
Feb 13, 2013
Status:
Referred to Committee
Prognosis
0% chance of being enacted
See Instead:

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

Track this bill
Sponsor
Marco Rubio
Junior Senator from Florida
Party
Republican
Text
Read Text »
Last Updated
Feb 13, 2013
Length
15 pages
Related Bills
H.R. 1381 (identical)

Referred to Committee
Last Action: Mar 21, 2013

 
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

2% chance of getting past committee.
0% chance of being enacted.

Only 11% of bills made it past committee and only about 3% were enacted in 2011–2013. [show factors | methodology]

 
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.

Cosponsors
none
Committees

Senate Finance

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

 
Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

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Citation

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Notes

S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

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

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

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