Universal School Choice Act

The Universal School Choice Act would create a federal tax credit for individuals and corporations that contribute to scholarship granting organizations. Individuals could claim a credit equal to 10% of their adjusted gross income or $5,000 (whichever is less), while corporations could claim a credit up to 5% of their taxable income. The credit would fund scholarships for qualified education expenses at public or private schools, including religious schools, with a $10 billion annual cap on total credits. Scholarship granting organizations would need to meet specific requirements, including verifying household income for low-income students and undergoing annual audits, while prohibiting government control over these organizations or discrimination against religious schools.