The Universal School Choice Act aims to enhance educational opportunities for students in elementary and secondary schools by encouraging charitable donations to nonprofit organizations that provide scholarships. The legislation introduces a tax credit for individuals and corporations who contribute to these scholarship granting organizations, allowing them to receive a credit equal to their contributions, subject to certain limits. The maximum credit is either 10% of the taxpayer's adjusted gross income or $5,000, whichever is greater, with a total cap on credits varying by state.