Summary

1/25/2013--Introduced.Children's Hope Act of 2013 - Amends the Internal Revenue Code to allow a tax credit of up to $100 ($200 for joint returns) for charitable contributions to... Read More

Status

This bill was introduced on Jan 25, 2013, in a previous session of Congress, but was not passed.

Bill Text

A BILL

To amend the Internal Revenue Code of 1986 to provide for a credit which is dependent on enactment of State qualified scholarship tax credits and which is allowed against the Federal income tax for charitable contributions to education investment organizations that provide assistance for elementary and secondary education.

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

SECTION 1. SHORT TITLE; FINDINGS.

(a) Short Title.--This Act may be cited as the ``Children's Hope Act of 2013''. (b) Findings.--Congress finds the following: (1) On April 4, 2011, the United States Supreme Court ruled that opponents of Arizona's private school scholarship tax credit program may not challenge the program on grounds that it violates the Establishment Clause of the First Amendment. (2) The Court ruled 5-4 in Garriott v. Winn and Arizona Christian School Tuition Organization v. Winn against a lawsuit by the Arizona chapter of the American Civil Liberties Union, which contested a tax credit program giving Arizona parents choices other than their neighborhood public schools. (3) The Children's Hope Act of 2013 builds on the success of the Arizona private school scholarship tax credit program. Thus far, Arizona taxpayers have raised more than $430 million for scholarships since 1998. In 2011 alone, nearly 75,000 taxpayers awarded more than $47 million for 25,000 scholarships to Arizona children.

SEC. 2. TAX CREDIT FOR CONTRIBUTIONS TO EDUCATION INVESTMENT ORGANIZATIONS.

(a) In General.--Subpart B of part IV of subchapter A of chapter 1...

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Nation

12 Supporting
20 Opposing
38% 63%

State: CA

3 Supporting
2 Opposing
60% 40%

District: 1st

0 Supporting
0 Opposing
0% 0%

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Bill Summary

1/25/2013--Introduced.Children's Hope Act of 2013 - Amends the Internal Revenue Code to allow a tax credit of up to $100 ($200 for joint returns) for charitable contributions to an education investment organization that disburses 90% of its contributions to provide grants to students for elementary and secondary education expenses, if at least 50% of such disbursements go to students who qualify for free or reduced-cost school lunches. Requires a taxpayer claiming such credit, as a condition of eligibility to receive it, to first claim a state qualified scholarship tax credit.

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