This bill would eliminate two federal tax provisions that currently benefit private school scholarships. Specifically, it would repeal a tax credit that allows individuals to deduct charitable contributions made to scholarship granting organizations from their federal taxes, and it would eliminate an exclusion that allowed scholarship recipients to avoid reporting certain scholarship amounts as taxable income. The legislation targets what supporters view as an indirect subsidy of private education at the expense of public school funding. The changes would take effect starting January 1, 2027, affecting both taxpayers who donate to these scholarship organizations and students who receive scholarships through them. By eliminating these tax breaks, the bill aims to redirect funds toward public schools and prevent public tax dollars from supporting private school attendance.