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![handle is hein.congrecreports/crptxagoi0001 and id is 1 raw text is: AUT-ENTICATED
US. GOVERNMENT
INFORMATION
GPO
118TH CONGRESS REPT. 118-707
2d Session HOUSE OF REPRESENTATIVES Part 1
EDUCATIONAL CHOICE FOR CHILDREN ACT OF 2024
OCTOBER 4, 2024.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. SMITH of Missouri, from the Committee on Ways and Means,
submitted the following
REPORT
together with
DISSENTING VIEWS
[To accompany H.R. 9462]
The Committee on Ways and Means, to whom was referred the
bill (H.R. 9462) to amend the Internal Revenue Code of 1986 to
allow a credit against tax for charitable donations to nonprofit or-
ganizations providing education scholarships to qualified elemen-
tary and secondary students, having considered the same, reports
favorably thereon with an amendment and recommends that the
bill as amended do pass.
CONTENTS
Page
I. SUMMARY AND BACKGROUND ............................................................... 7
A. Purpose and Sum m ary ..................................................................... 7
B. Background and Need for Legislation .................... 7
C. Legislative H istory ........................................................................... . 8
D . Designated H earing .......................................................................... 8
II. EXPLANATION OF THE BILL .................................................................. 8
A. Tax Credit for Contributions of Individuals to Scholarship
Granting Organizations; Exemption from Gross Income for
Scholarships for Qualified Elementary or Secondary Education
Expenses of Eligible Students; Organizational and Parental
Autonomy (secs. 2, 3, and 4 of the bill and new sections 25F,
139J, and 4969 of the Code) .......................................................... 8
III. VOTES OF THE COM M ITTEE .................................................................... 14
IV. BUDGET EFFECTS OF THE BILL ............................................................ 18
A. Committee Estimate of Budgetary Effects .................. 18
B. Statement Regarding New Budget Authority and Tax Expendi-
tures Budget Authority ................................................................. 19
C. Cost Estimate Prepared by the Congressional Budget Office ....... 19
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