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PRINTER'S NO. 888
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
752
Session of
2015
INTRODUCED BY CHRISTIANA, TURZAI, SAYLOR, QUIGLEY, BARRAR,
V. BROWN, DEASY, DRISCOLL, DUNBAR, GRELL, A. HARRIS,
KAUFFMAN, KILLION, LAWRENCE, MAJOR, McGINNIS, MILLARD, RAPP,
READSHAW, TAYLOR, BLOOM AND CUTLER, MARCH 9, 2015
REFERRED TO COMMITTEE ON FINANCE, MARCH 9, 2015
AN ACT
Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An
act relating to tax reform and State taxation by codifying
and enumerating certain subjects of taxation and imposing
taxes thereon; providing procedures for the payment,
collection, administration and enforcement thereof; providing
for tax credits in certain cases; conferring powers and
imposing duties upon the Department of Revenue, certain
employers, fiduciaries, individuals, persons, corporations
and other entities; prescribing crimes, offenses and
penalties," further providing for limitations.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 1706-F(a) of the act of March 4, 1971
(P.L.6, No.2), known as the Tax Reform Code of 1971, amended
October 31, 2014 (P.L.2929, No.194), is amended to read:
Section 1706-F. Limitations.
(a) Amount.--
(1) The total aggregate amount of all tax credits
approved for contributions from business firms to scholarship
organizations, educational improvement organizations and pre-
kindergarten scholarship organizations shall not exceed
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[$100,000,000] $170,000,000 in a fiscal year.
(i) No less than [$60,000,000] $102,000,000 of the
total aggregate amount shall be used to provide tax
credits for contributions from business firms to
scholarship organizations.
(ii) No less than [$30,000,000] $51,000,000 of the
total aggregate amount shall be used to provide tax
credits for contributions from business firms to
educational improvement organizations.
(iii) The total aggregate amount of all tax credits
approved for contributions from business firms to pre-
kindergarten scholarship organizations shall not exceed
[$10,000,000] $17,000,000 in a fiscal year.
(2) The total aggregate amount of all tax credits
approved for contributions from business firms to opportunity
scholarship organizations shall not exceed [$50,000,000]
$80,000,000 in a fiscal year.
* * *
Section 2. This act shall take effect in 60 days.
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