(i) No less than $135,000,000 or 73% of the total
aggregate amount under this paragraph, whichever is
greater, shall be used to provide tax credits for
contributions from business firms to scholarship
organizations.
(ii) No less than $37,500,000 or 20% of the total
aggregate amount under this paragraph, whichever is
greater, 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
$12,500,000 or 7% of the total aggregate amount under
this paragraph , whichever is greater, 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 $55,000,000 in a
fiscal year and no less than $5,000,000 of the total
aggregate amount shall be used to provide tax credits for
contributions from business firms to increase the scholarship
amount to students attending an economically disadvantaged
school by up to $1,000 more than the amount provided during
the immediately preceding school year.
(a.1) Increases.--
(1) Beginning in fiscal year 2021-2022, in any fiscal
year in which the total aggregate amount of tax credits
approved under subsection (a)(1) for the prior fiscal year is
equal to or greater than 90% of the total aggregate amount of
all tax credits available under subsection (a)(1) for the
20210SB0527PN0601 - 2 -
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30