A bill to amend the Internal Revenue Code of 1986 to repeal the tax credit for contributions of individuals to scholarship granting organizations, and for other purposes.

Introduced by Senator Mark Kelly, this legislation aims to amend the Internal Revenue Code of 1986 to eliminate a specific tax incentive. Currently, certain individuals may receive a tax credit for donations made to organizations that provide scholarships for students to attend private schools. This bill would remove that credit, potentially changing how individual taxpayers approach charitable giving for educational purposes.

If enacted, the bill would likely impact donors who currently use these contributions to reduce their federal tax liability. By repealing the credit, the federal government would no longer provide this specific financial offset for such donations. This change could affect the funding levels for scholarship granting organizations and the availability of private school scholarships that rely on these tax-advantaged contributions.