A bill to amend the Internal Revenue Code of 1986 to establish tax credits to encourage individual and corporate taxpayers to contribute to scholarships for students through eligible scholarship-granting organizations and eligible workforce training organizations, and for other purposes.

Bill 119 s 370, also known as the "Scholarship and Workforce Training Tax Credit Act," aims to amend the Internal Revenue Code of 1986 in order to provide tax credits to individuals and corporations who contribute to scholarships for students through eligible scholarship-granting organizations and eligible workforce training organizations.

The bill seeks to incentivize taxpayers to support education and workforce development by offering tax credits for their contributions. This would help increase access to education and training opportunities for students and workers, ultimately benefiting the economy and society as a whole.

In addition to establishing tax credits, the bill also includes provisions for the administration and oversight of the program, ensuring that contributions are used effectively and efficiently to support students and workers in need of financial assistance for education and training. Overall, Bill 119 s 370 aims to promote education and workforce development by encouraging individuals and corporations to contribute to scholarships through eligible organizations, ultimately benefiting students and workers across the country.