Amends the Internal Revenue Code to allow a tax credit for charitable donations to nonprofit organizations providing education scholarships to.
The Universal School Choice Act amends the Internal Revenue Code to allow a tax credit for charitable donations to nonprofit organizations providing education scholarships to qualified elementary and secondary students. The bill defines a qualified elementary or secondary education expense, including tuition, curricula, books, and other materials. It also outlines requirements for scholarship granting organizations, including annual audits and income verification. The bill establishes a volume cap on credits and allocates credits to states based on student population.
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