Educational Choice for Children Act

Hozzl · 2022-12-29T17:18:44Z

Explore the details of House Bill 8137 Educational Choice for Children Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/29/2022, 5:18 PM

Summary of Bill HR 8137

Bill 117 HR 8137, also known as the Educational Choice for Children Act, is a piece of legislation introduced in the US Congress. The main goal of this bill is to provide more options for parents and students when it comes to choosing their educational path.

One of the key provisions of the bill is the creation of Education Savings Accounts (ESAs) for eligible students. These accounts would allow parents to use allocated funds to pay for a variety of educational expenses, such as private school tuition, tutoring, and educational materials. This would give families more flexibility in choosing the best educational options for their children.

Additionally, the bill aims to expand access to charter schools and magnet schools, which are alternative options to traditional public schools. By increasing the availability of these types of schools, the bill seeks to provide more choices for families who may not have access to high-quality education in their local public school system. Overall, the Educational Choice for Children Act is designed to empower parents and students by giving them more control over their education. By expanding options such as ESAs and charter schools, the bill aims to improve educational outcomes and provide a more personalized learning experience for all students.

Congressional Summary of HR 8137

Educational Choice for Children Act

This bill allows individuals and corporations a new tax credit after 2022 for charitable contributions to tax-exempt organizations that provide scholarships to elementary and secondary school students. Such students must be members of a household with incomes not greater 300% of the area median gross income and be eligible to enroll in a public elementary or secondary school.

The bill excludes from the gross income of taxpayer dependents any scholarship amount for the elementary or secondary education expenses of eligible students. It also prohibits governmental control over scholarship granting organizations.

Read the Full Bill

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Current Status of Bill HR 8137

Bill HR 8137 is currently in the status of Bill Introduced since June 16, 2022. Bill HR 8137 was introduced during Congress 117 and was introduced to the House on June 16, 2022. Bill HR 8137's most recent activity was ASSUMING FIRST SPONSORSHIP - Mr. Smith (NE) asked unanimous consent that he may hereafter be con sidered as the first sponsor of H.R. 8137, a bill originally introduced by Represenative Walorski, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection. as of September 28, 2022

Bipartisan Support of Bill HR 8137

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

108

Democrat Cosponsors

Republican Cosponsors

108

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 8137

Primary Policy Focus

Taxation

Potential Impact Areas

- Charitable contributions

- Elementary and secondary education

- Income tax credits

- Student aid and college costs

- Tax-exempt organizations

Alternate Title(s) of Bill HR 8137

Educational Choice for Children Act

To amend the Internal Revenue Code of 1986 to allow a credit against tax for charitable donations to nonprofit organizations providing education scholarships to qualified elementary and secondary students.