A bill 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.

Bill 119 s 292, also known as the Education Scholarship Tax Credit Act, aims to make changes to the Internal Revenue Code of 1986. The main purpose of this bill is to provide a tax credit for individuals who make charitable donations to nonprofit organizations that offer education scholarships to eligible elementary and secondary students.

Under this proposed legislation, individuals who donate to these nonprofit organizations would be eligible to receive a credit against their taxes. This credit would serve as an incentive for individuals to contribute to these organizations, which in turn would help provide scholarships to students in need.

The bill does not specify the exact amount of the tax credit or the eligibility criteria for the nonprofit organizations or students. However, it is clear that the intention of the bill is to support educational opportunities for students who may not have access to quality education otherwise. Overall, Bill 119 s 292 seeks to encourage charitable giving to nonprofit organizations that provide education scholarships to elementary and secondary students, ultimately aiming to improve educational opportunities for those in need.