US SB370

Creates federal tax credits for contributions to scholarship-granting organizations and workforce training organizations, with individuals eligible for credits up to 10% of adjusted gross income and corporations up to 5% of taxable income

Establishes a $10 billion annual national cap split evenly: $5 billion for K-12 scholarship organizations and $5 billion for workforce training organizations including community colleges, apprenticeships, and career certification programs

Requires the Department of Education to establish a web portal for taxpayers to make contributions and receive pre-approval for tax credits, with states submitting lists of eligible organizations

Allocates funding to states based on school-age population (ages 5-17), with 80% weighted toward children from families below the poverty line, plus a minimum 0.5% floor for each participating state

Prohibits federal control over private, religious, or home education providers participating in the program and bars states from discriminating against education providers based on religious character or affiliation