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

This bill, formally titled 'To amend the Internal Revenue Code of 1986 to repeal the tax credit for contributions of individuals to scholarship granting organizations, and for other purposes,' proposes to amend the Internal Revenue Code of 1986. The bill's stated purpose is to repeal the tax credit for contributions made by individuals to scholarship granting organizations.

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

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

What does REPEAL OF TAX CREDIT FOR CONTRIBUTIONS TO SCHOLARSHIP GRANTING of Keep Public Funds in Public Schools Act 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 concerns the exclusion of certain contributions from gross income. The amendments made by this section 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 such date.

Back to bills

Keep Public Funds in Public Schools Act

Last updated: 4/15/2026 · Introduced: 4/15/2026

Author: Mark Kelly (D-AZ)

TL;DR (AI)

This bill eliminates the tax credit for individuals who contribute to scholarship granting organizations.
It removes the exclusion of contributions to these organizations from gross income.
The changes introduced by this bill will take effect for taxable years ending after December 31, 2026.

119th Congressin committeeOfficial page

Verified Votes

No verified votes yet.

Community Votes

No community votes yet. Be the first!

Voting as guest · Sign in for verified votes

Other Sections

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

3 sections

Click "Show details" to explore individual sections. Use the community vote above or visit All Sections to vote per section.

Read official text

Want the full experience?

Create a free account to cast verified votes on each section, get a personalized summary, and track your voting history.

Create Free Account