S. 5421 — Introduced in Senate

II 119th CONGRESS 2d Session S. 5421 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 eliminate the State opt-in requirement for the qualified elementary and secondary education scholarship credit. 1. No State opt-in requirement for qualified elementary and secondary education scholarship credit (a) In general Section 25F(c)(5) of the Internal Revenue Code of 1986 is amended— (1) in subparagraph (B), by inserting and at the end, (2) in subparagraph (C), by striking , and and inserting a period, and (3) by striking subparagraph (D). (b) Conforming amendments Section 25F of such Code is amended— (1) in subsection (c)— (A) by striking paragraph (1), and (B) in paragraph (3), by striking listed pursuant to subsection (g) and inserting located, (2) by striking subsection (g), and (3) in subsection (h)(1), by striking subsections (d) and (g) and inserting subsection (d). (c) Effective date The amendments made by this section shall take effect as if included in section 70411 of Public Law 119–21.