# 119-s-5322: Federal Tax Credit Scholarship Improvement Act

119-s-5322, Federal Tax Credit Scholarship Improvement Act, is a 119th Congress bill sponsored by Sen. Hyde-Smith, Cindy [R-MS] (R-MS); status introduced; PRIA reads it as touching household money (as of 2026-08-26).

- Canonical: https://policyrisk.com/legislation/119-s-5322
- As of: 2026-08-26
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-5322
- Congress: 119
- Title: Federal Tax Credit Scholarship Improvement Act
- Status: introduced
- Introduced: 2026-08-06
- Sponsor: Sen. Hyde-Smith, Cindy [R-MS] (R-MS)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-08-26

## Summary

**Sets and indexes a federal tax credit for education scholarships at a clear dollar cap.** The bill would set the per-taxpayer credit at $1,700, double that amount for joint filers, and create a process for annual inflation adjustments. - Parents and individual taxpayers who claim qualified elementary and secondary education scholarships would be limited to a $1,700 credit per taxpayer. - Married couples filing jointly would have a $3,400 limit. - The dollar cap would apply to tax years beginning after December 31, 2025. - Inflation adjustments would begin for tax years starting after December 31, 2026, increases would be rounded to the nearest $50, and the IRS must publish the updated amount by November 1 each year for the following taxable year.

## Provisions PRIA read

- Higher K–12 scholarship tax credit: benefit, high. If enacted, this bill would let you claim a federal tax credit for qualified K–12 (elementary and secondary) scholarships up to $1,700 per taxpayer for tax years beginning after December 31, 2025. For married couples filing jointly the credit limit would be twice that amount ($3,400). For tax years…

## Related bills

- 119-s-4744: Take Care of America’s Veterans Act
- 119-s-2465: Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2026
- 119-s-688: Fighting Foreign Illegal Seafood Harvests Act of 2025
- 119-s-1748: Kids Online Safety Act
- 119-s-4842: American Food Supply Chain Resiliency Act
- 119-s-1874: Title VIII Nursing Workforce Reauthorization Act of 2026

## Sources
- [119-s-5322 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/5322)

## Related
- [119-s-4744: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-s-4744)
- [119-s-2465: Transportation, Housing and Urban Development, and Related Agencies Appropriati…](https://policyrisk.com/legislation/119-s-2465)
- [119-s-688: Fighting Foreign Illegal Seafood Harvests Act of 2025](https://policyrisk.com/legislation/119-s-688)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-4842: American Food Supply Chain Resiliency Act](https://policyrisk.com/legislation/119-s-4842)
- [119-s-1874: Title VIII Nursing Workforce Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-1874)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-5322 (as of 2026-08-26).