WASHINGTON, Aug. 13 -- Sen. Cindy Hyde-Smith issued the following news release:
U.S. Senator Cindy Hyde-Smith (R-Miss.) today announced she has introduced legislation to increase the impact of an existing federal education scholarship tax credit by indexing it to inflation and making it more attractive to private contributors to support K-12 educational needs.
The Federal Tax Credit Scholarship Improvement Act (S.5322) (https://www.hydesmith.senate.gov/sites/default/files/2026-08/S5322%20Federal%20Tax%20Credit%20Scholarship%20Improvement%20Act.pdf) would adjust the Federal Scholarship Tax Credit (FSTC or Education Freedom Tax Credit) (https://www.irs.gov/government-entities/federal-state-local-governments/federal-scholarship-tax-credit-fs...