for such taxable year. . (2) Conforming amendments Section 38(b) of such Code is amended by striking plus at the end of paragraph (36), by striking the period and inserting , plus at the end of paragraph (37), and by adding at the end of the following new paragraph: (38) the workforce development or apprenticeship training credit determined under section 45T(a). . (3) Clerical amendment The table of sections for subpart D of part IV of subchapter A of chapter 1 of such Code is amended by adding at the end the following new item: Sec. 45T. Contributions to workforce development or apprenticeship training organizations. . 3. Tax credit for contributions to scholarship granting organizations (a) Credit for individuals (1) In general Subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986, as amended by this Act, is amended by inserting after section 25E the following new section: 25F. Qualified elementary and secondary education scholarships (a) Allowance of credit In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to the amount of qualified contributions made by the taxpayer during the taxable year. (b) Dollar limitations (1) Income limitation The amount allowed as a credit under subsection (a) with respect to any taxpayer shall not exceed the lesser of— (A) 25 percent of the tax liability of the taxpayer, and (B) $500,000. (2) Reduction based on state credit The amount allowed as a credit under subsection (a) for a taxable year shall be reduced by the amount allowed as a credit on any State tax return of the individual for qualified contributions made by the taxpayer during the taxable year. (c) Qualified contributions