A bill to amend the Internal Revenue Code of 1986 to increase the qualified elementary and secondary education scholarships credit limit for married taxpayers filing a joint return.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 5420 Introduced in Senate (IS)]

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119th CONGRESS 2d Session S. 5420

To amend the Internal Revenue Code of 1986 to increase the qualified elementary and secondary education scholarships credit limit for married taxpayers filing a joint return.

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IN THE SENATE OF THE UNITED STATES

September 17, 2026

Mr. Cassidy introduced the following bill; which was read twice and referred to the Committee on Finance

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A BILL

To amend the Internal Revenue Code of 1986 to increase the qualified elementary and secondary education scholarships credit limit for married taxpayers filing a joint return.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. QUALIFIED ELEMENTARY AND SECONDARY EDUCATION SCHOLARSHIPS CREDIT LIMIT FOR MARRIED TAXPAYERS FILING JOINTLY.

(a) In General.--Section 25F(b)(1) of the Internal Revenue Code of 1986 is amended by inserting ``(200 percent such amount in the case of a joint return)'' before the period at the end. (b) Effective Date.--The amendment made by this section shall apply to taxable years beginning after December 31, 2025. <all>