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Keep Public Funds in Public Schools Act
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.
Summary
The bill repeals two federal tax provisions related to scholarship granting organizations. First, it eliminates section 25F of the Internal Revenue Code, which provided a tax credit for individuals who contribute to scholarship granting organizations. Second, it repeals section 139K, which excluded from gross income amounts received from these organizations. These changes take effect for taxable years ending after December 31, 2026, and for amounts received after that date. The bill removes the federal tax incentives currently available for contributions to and receipts from scholarship granting organizations.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Sen. Kelly, Mark [D-AZ] (D-AZ)
33 cosponsors
- Sen. Bennet, Michael F. [D-CO] (D-CO)
- Sen. Blumenthal, Richard [D-CT] (D-CT)
- Sen. Blunt Rochester, Lisa [D-DE] (D-DE)
- Sen. Booker, Cory A. [D-NJ] (D-NJ)
- Sen. Coons, Christopher A. [D-DE] (D-DE)
- Sen. Duckworth, Tammy [D-IL] (D-IL)
- Sen. Durbin, Richard J. [D-IL] (D-IL)
- Sen. Fetterman, John [D-PA] (D-PA)
- Sen. Gallego, Ruben [D-AZ] (D-AZ)
- Sen. Gillibrand, Kirsten E. [D-NY] (D-NY)
- Sen. Heinrich, Martin [D-NM] (D-NM)
- Sen. Hickenlooper, John W. [D-CO] (D-CO)
- Sen. Hirono, Mazie K. [D-HI] (D-HI)
- Sen. Kaine, Tim [D-VA] (D-VA)
- Sen. Kim, Andy [D-NJ] (D-NJ)
- Sen. King, Angus S., Jr. [I-ME] (I-ME)
- Sen. Luján, Ben Ray [D-NM] (D-NM)
- Sen. Markey, Edward J. [D-MA] (D-MA)
- Sen. Merkley, Jeff [D-OR] (D-OR)
- Sen. Murphy, Christopher [D-CT] (D-CT)
- Sen. Padilla, Alex [D-CA] (D-CA)
- Sen. Reed, Jack [D-RI] (D-RI)
- Sen. Sanders, Bernard [I-VT] (I-VT)
- Sen. Schatz, Brian [D-HI] (D-HI)
- Sen. Schiff, Adam B. [D-CA] (D-CA)
- Sen. Schumer, Charles E. [D-NY] (D-NY)
- Sen. Shaheen, Jeanne [D-NH] (D-NH)
- Sen. Smith, Tina [D-MN] (D-MN)
- Sen. Van Hollen, Chris [D-MD] (D-MD)
- Sen. Warren, Elizabeth [D-MA] (D-MA)
- Sen. Welch, Peter [D-VT] (D-VT)
- Sen. Whitehouse, Sheldon [D-RI] (D-RI)
- Sen. Wyden, Ron [D-OR] (D-OR)
Actions (2)
- Apr 15, 2026 Read twice and referred to the Committee on Finance. · senate
- Apr 15, 2026 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE SENATE OF THE UNITED STATES
April 15 (legislative day, April 14), 2026
Mr. Kelly (for himself, Ms. Hirono, Mr. Sanders, Mr. Reed, Mr. Lujan, Ms. Duckworth, Mr. Van Hollen, Mr. Schiff, Mr. Murphy, Ms. Warren, Ms. Smith, Mr. Blumenthal, Mr. Merkley, Mr. Coons, Mrs. Shaheen, Mr. Markey, Mr. Welch, Ms. Blunt Rochester, Mr. King, Mr. Wyden, Mr. Fetterman, Mr. Schumer, Mr. Kim, Mr. Bennet, Mrs. Gillibrand, Mr. Kaine, Mr. Durbin, Mr. Heinrich, Mr. Padilla, and Mr. Booker) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
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.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Keep Public Funds in Public Schools Act”.
SEC. 2. REPEAL OF TAX CREDIT FOR CONTRIBUTIONS TO SCHOLARSHIP GRANTING ORGANIZATIONS.
(a) Tax Credit.—
(1) In general.—Subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by striking section 25F.
(2) Conforming amendments.—
(A) Section 25(e)(1)(C) of such Code is amended by striking “25D, and 25F” and inserting “and 25D”.
(B) The table of sections for subpart A of part IV of subchapter A of chapter 1 of such Code is amended by striking the item relating to section 25F.
(b) Exclusion From Gross Income.—
(1) In general.—Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by striking section 139K.
(2) Conforming amendment.—The table of sections for part III of subchapter B of chapter 1 of such Code is amended by striking the item relating to section 139K.
(c) Effective Date.—
(1) In general.—Except as otherwise provided in this subsection, the amendments made by this section shall apply to taxable years ending after December 31, 2026.
(2) Exclusion from gross income.—The amendments made by subsection (b) shall apply to amounts received after December 31, 2026, in taxable years ending after such date. <all>
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