S. 5420 — Introduced in Senate

II 119th CONGRESS 2d Session S. 5420 IN THE SENATE OF THE UNITED STATES September 17, 2026Mr. Cassidy introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to increase the qualified elementary and secondary education scholarships credit limit for married taxpayers filing a joint return. 1. Qualified elementary and secondary education scholarships credit limit for married taxpayers filing jointly (a) In general Section 25F(b)(1) of the Internal Revenue Code of 1986 is amended by inserting (200 percent such amount in the case of a joint return) before the period at the end. (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2025.