S292119th CongressWALLET

Educational Choice for Children Act of 2025

Sponsored By: Senator Bill Cassidy

Introduced

Summary

Creates coordinated individual and corporate tax credits for donations to scholarship granting organizations to fund K–12 scholarships, while protecting parental choice and setting accountability rules. This bill would set up matching individual and corporate credits tied to qualified donations, define eligible students and expenses, and require oversight for scholarship organizations.

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Bill Overview

Analyzed Economic Effects

6 provisions identified: 5 benefits, 0 costs, 1 mixed.

Individual tax credit for SGO donations

If enacted, you would be able to claim a federal nonrefundable tax credit for money you give to a certified scholarship organization. The credit would be limited by your allocated share of the national cap and by your contributions. The credit could not be more than the greater of 10% of your adjusted gross income or $5,000. The credit is reduced by any State credit for the same gift and you could carry unused credit forward up to five years. You could not also take a federal charitable deduction for the same gift.

SGO scholarships excluded from income

If enacted, scholarship money a dependent gets from a certified SGO for qualified K-12 expenses would not count as the dependent's taxable income. This exclusion would apply to amounts received after December 31, 2025. The rule uses the bill's definitions of eligible students and qualified education expenses.

Corporate tax credit for SGO donations

If enacted, corporations would be able to claim a federal tax credit for money they give to certified scholarship organizations. That credit would be limited to 5% of the corporation's taxable income and by the company's share of the national cap. Corporations could not also deduct the same expenses for which they take the credit. The rule would apply to taxable years ending after December 31, 2025.

Nationwide cap on SGO tax credits

If enacted, there would be a national volume cap of $10 billion for calendar year 2026 and each later year on credits for SGO donations. Ten percent of each year's cap would be split evenly among States. The Treasury would allocate credits first-come, first-served and run a real-time public tracking system. If a year uses at least 90% of the cap, next year's cap would rise to 105% of that high-use year and caps may not fall.

Rules and audits for scholarship organizations

If enacted, scholarship organizations would have to meet strict rules. An SGO would need 501(c)(3) status, separate accounts, annual independent audits, and household income checks. SGOs must meet a distribution rule, generally paying out most receipts as scholarships, with a safe harbor letting them spend up to 10% on administration and carry up to 15% to the next year. If an SGO fails rules, donations to it could lose credit eligibility for a time.

Protections for private and religious schools

If enacted, the bill would bar governments from treating SGOs as government agents or from forcing or controlling private or religious schools that accept SGO scholarships. Governments could not exclude or disadvantage schools because of religion. Parents of scholarship students could intervene in court to defend program provisions.

Sponsors & CoSponsors

Sponsor

Bill Cassidy

LA • R

Cosponsors

  • Tim Scott

    SC • R

    Sponsored 1/29/2025

  • John Cornyn

    TX • R

    Sponsored 1/29/2025

  • Steve Daines

    MT • R

    Sponsored 1/29/2025

  • John Thune

    SD • R

    Sponsored 1/29/2025

  • Cindy Hyde-Smith

    MS • R

    Sponsored 1/29/2025

  • Eric Schmitt

    MO • R

    Sponsored 1/29/2025

  • Tim Sheehy

    MT • R

    Sponsored 1/29/2025

  • Ted Budd

    NC • R

    Sponsored 1/29/2025

  • Tom Cotton

    AR • R

    Sponsored 1/29/2025

  • John Kennedy

    LA • R

    Sponsored 1/29/2025

  • Tommy Tuberville

    AL • R

    Sponsored 1/29/2025

  • James Justice

    WV • R

    Sponsored 1/29/2025

  • James Risch

    ID • R

    Sponsored 1/29/2025

  • John Barrasso

    WY • R

    Sponsored 1/29/2025

  • Thomas Tillis

    NC • R

    Sponsored 1/29/2025

  • Roger Marshall

    KS • R

    Sponsored 1/29/2025

  • Todd Young

    IN • R

    Sponsored 1/29/2025

  • Josh Hawley

    MO • R

    Sponsored 1/29/2025

  • Katie Britt

    AL • R

    Sponsored 1/29/2025

  • Marsha Blackburn

    TN • R

    Sponsored 1/29/2025

  • David McCormick

    PA • R

    Sponsored 1/29/2025

  • Kevin Cramer

    ND • R

    Sponsored 1/29/2025

  • Roger Wicker

    MS • R

    Sponsored 1/29/2025

  • Cynthia Lummis

    WY • R

    Sponsored 1/29/2025

  • Pete Ricketts

    NE • R

    Sponsored 1/29/2025

  • Jon Husted

    OH • R

    Sponsored 1/29/2025

  • Bill Hagerty

    TN • R

    Sponsored 1/30/2025

  • Shelley Capito

    WV • R

    Sponsored 2/3/2025

  • Jim Banks

    IN • R

    Sponsored 2/11/2025

  • Bernie Moreno

    OH • R

    Sponsored 2/25/2025

  • John Boozman

    AR • R

    Sponsored 2/27/2025

  • Lindsey Graham

    SC • R

    Sponsored 3/3/2025

  • Ashley Moody

    FL • R

    Sponsored 4/8/2025

Roll Call Votes

No roll call votes available for this bill.

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