S. 4297 — Keep Public Funds in Public Schools Act

This section repeals the tax credit for qualified contributions to scholarship granting organizations—which provide scholarships for K-12 education expenses, including private school tuition and homeschooling—and the exclusion from gross income for amounts received as scholarships from such organizations. The repeal applies to taxable years ending after December 31, 2026 (with the income exclusion applying to amounts received after that date).