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S 4297
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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.

Introduced Apr 15, 2026

Latest action (Apr 15, 2026) Read twice and referred to the Committee on Finance.

Referred to
Finance Committee
Policy area
Taxation
Issues
Economy & TaxesEducation

Summary
  • Repeals the federal tax credit that allows individuals to claim a credit for contributions to scholarship granting organizations.
  • Eliminates the exclusion from gross income for contributions to scholarship granting organizations.
  • The repeal is effective for taxable years ending after December 31, 2026.
  • Makes conforming amendments to remove related provisions from the Internal Revenue Code.

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)
33 cosponsors

Actions (2)
  1. Apr 15, 2026 Read twice and referred to the Committee on Finance. · senate
  2. 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.

  • HR 9289 — Keep Public Funds in Public Schools Act of 2026 · Introduced Jun 11, 2026 · Cong. 119 89%
  • S 4269 — Restoring College Access and Affordability Act · Introduced Mar 26, 2026 · Cong. 119 74%
  • S 4348 — PARITY Act · Introduced Apr 20, 2026 · Cong. 119 69%
  • S 292 — Educational Choice for Children Act of 2025 · Introduced Jan 29, 2025 · Cong. 119 68%
  • HR 3519 — Universal School Choice Act · Introduced May 20, 2025 · Cong. 119 68%
  • S 370 — Education Freedom Scholarships and Opportunity Act · Introduced Feb 3, 2025 · Cong. 119 67%

Text versions (1)
  • Introduced in Senate · Apr 15, 2026

Only one text version is on file, so there’s no earlier version to compare against yet.

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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