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H.R. 485

BillFederalHouseIn Committee
Children's Hope Act of 2011
About This Bill
Committee
Latest Action · January 26, 2011
Referred to the House Committee on Ways and Means.
Congress
112th (2011–2013)
Introduced
January 26, 2011
Cosponsors (2)
0D 2R
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Summary

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Children's Hope Act of 2011 - 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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