(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
$185,000,000 $225,000,000 plus an amount to meet the
obligations of subsection (d.2) in a fiscal year.
(i) No less than $135,000,000 $175,000,000 of the
total aggregate amount plus an amount to meet the
obligations of subsection (d.2) shall be used to provide
tax credits for contributions from business firms to
scholarship organizations.
(ii) No less than $37,500,000 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
$12,500,000 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 [$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.] $50,000,000.
* * *
(d.2) Economically disadvantaged school.-- For a student
A02526 - 8 -
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