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House Bill 250: The General Assembly of Pennsylvania

This bill amends a Pennsylvania law to increase the tax credit limits for contributions from businesses to various educational organizations. It raises the total annual tax credit limit from $125 million to $175 million, with at least $105 million for scholarship organizations, $52.5 million for educational improvement organizations, and $17.5 million for pre-kindergarten scholarship organizations. It also raises the annual tax credit limit for opportunity scholarship organizations from $50 million to $75 million.

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103 views

House Bill 250: The General Assembly of Pennsylvania

This bill amends a Pennsylvania law to increase the tax credit limits for contributions from businesses to various educational organizations. It raises the total annual tax credit limit from $125 million to $175 million, with at least $105 million for scholarship organizations, $52.5 million for educational improvement organizations, and $17.5 million for pre-kindergarten scholarship organizations. It also raises the annual tax credit limit for opportunity scholarship organizations from $50 million to $75 million.

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LancasterOnline
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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PRINTER'S NO.

211

THE GENERAL ASSEMBLY OF PENNSYLVANIA

HOUSE BILL
No. 250
Session of
2017

INTRODUCED BY TURZAI, McCLINTON, BAKER, BARRAR, BLOOM, V. BROWN,


BULLOCK, CAUSER, CORBIN, D. COSTA, COX, CUTLER, DEASY,
DIAMOND, DRISCOLL, DUNBAR, ELLIS, EMRICK, ENGLISH, FARRY,
FEE, FRITZ, GABLER, GILLEN, GREINER, GROVE, HARPER,
A. HARRIS, J. HARRIS, HEFFLEY, HENNESSEY, HICKERNELL,
PHILLIPS-HILL, KAUFFMAN, M. K. KELLER, W. KELLER, KNOWLES,
KORTZ, LAWRENCE, MACKENZIE, MALONEY, MARSICO, MASSER,
McGINNIS, MENTZER, MILLARD, B. MILLER, MUSTIO, NELSON,
NESBIT, OBERLANDER, ORTITAY, PICKETT, PYLE, QUIGLEY, RAPP,
READSHAW, REESE, ROE, ROZZI, SACCONE, SANKEY, SAYLOR,
SCHEMEL, SIMMONS, SONNEY, STAATS, TALLMAN, TAYLOR, TOBASH,
TOEPEL, TOPPER, WARD, WARNER, WATSON, WHEELAND, ZIMMERMAN,
EVERETT, GODSHALL, M. QUINN AND RYAN, JANUARY 31, 2017

REFERRED TO COMMITTEE ON EDUCATION, JANUARY 31, 2017

AN ACT
1 Amending the act of March 10, 1949 (P.L.30, No.14), entitled "An
2 act relating to the public school system, including certain
3 provisions applicable as well to private and parochial
4 schools; amending, revising, consolidating and changing the
5 laws relating thereto," in educational tax credits, further
6 providing for limitations.
7 The General Assembly of the Commonwealth of Pennsylvania
8 hereby enacts as follows:
9 Section 1. Section 2006-B(a) of the act of March 10, 1949
10 (P.L.30, No.14), known as the Public School Code of 1949, added
11 July 13, 2016 (P.L.716, No.86), is amended to read:
12 Section 2006-B. Limitations.
13 (a) Amount.--
14 (1) The total aggregate amount of all tax credits
1 approved for contributions from business firms to scholarship
2 organizations, educational improvement organizations and pre-
3 kindergarten scholarship organizations shall not exceed
4 [$125,000,000] $175,000,000 in a fiscal year.
5 (i) No less than [$75,000,000] $105,000,000 of the
6 total aggregate amount shall be used to provide tax
7 credits for contributions from business firms to
8 scholarship organizations.
9 (ii) No less than [$37,500,000] $52,500,000 of the
10 total aggregate amount shall be used to provide tax
11 credits for contributions from business firms to
12 educational improvement organizations.
13 (iii) The total aggregate amount of all tax credits
14 approved for contributions from business firms to pre-
15 kindergarten scholarship organizations shall not exceed
16 [$12,500,000] $17,500,000 in a fiscal year.
17 (2) The total aggregate amount of all tax credits
18 approved for contributions from business firms to opportunity
19 scholarship organizations shall not exceed [$50,000,000]
20 $75,000,000 in a fiscal year.
21 * * *
22 Section 2. This act shall take effect in 60 days.

20170HB0250PN0211 - 2 -

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