What does Preamble of Keep Public Funds in Public Schools Act of 2026 do?

This bill proposes to amend the Internal Revenue Code of 1986. The stated purpose is to repeal the tax credit for contributions made by individuals to scholarship granting organizations. The bill was introduced in the House of Representatives on June 11, 2026.

What does SHORT TITLE. of Keep Public Funds in Public Schools Act of 2026 do?

This bill is formally titled the Keep Public Funds in Public Schools Act of 2026.

What does REPEAL OF TAX CREDIT FOR CONTRIBUTIONS TO SCHOLARSHIP GRANTING of Keep Public Funds in Public Schools Act of 2026 do?

This section repeals the tax credit for contributions to scholarship granting organizations, as found in section 25F of the Internal Revenue Code. It also amends section 25(e)(1)(C) to remove references to section 25F and updates the table of sections accordingly. Furthermore, this section repeals section 139K, which related to the exclusion from gross income, and updates the table of sections. The amendments generally apply to taxable years ending after December 31, 2026. The repeal of the exclusion from gross income applies to amounts received after December 31, 2026, in taxable years ending after that date.

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Keep Public Funds in Public Schools Act of 2026

Last updated: 6/11/2026 · Introduced: 6/11/2026

Author: Gwen Moore (D-WI)

TL;DR (AI)

This bill eliminates a tax credit for individuals who contribute to scholarship granting organizations.
The bill removes provisions allowing scholarship granting organizations to exclude contributions from gross income.
These changes apply to taxable years ending after December 31, 2026, and amounts received after that date.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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