PRINTER'S NO. 3866
No. 2585 Session of 2006
INTRODUCED BY CIVERA, ROHRER, MICOZZIE, ADOLPH, ALLEN, ARGALL,
BAKER, BALDWIN, BARRAR, BELFANTI, BENNINGHOFF, BIANCUCCI,
BIRMELIN, BLAUM, BOYD, BUNT, CALTAGIRONE, CAPPELLI, CAWLEY,
CLYMER, CORNELL, CRAHALLA, CREIGHTON, DALEY, DALLY,
DENLINGER, DiGIROLAMO, ELLIS, D. EVANS, FICHTER, FLICK,
FORCIER, FRANKEL, GABIG, GEIST, GINGRICH, GRELL, HARHAI,
HARHART, HARPER, HARRIS, HASAY, HENNESSEY, HERMAN, HERSHEY,
HESS, HICKERNELL, HUTCHINSON, KAUFFMAN, KENNEY, KILLION,
KOTIK, LEH, LEVDANSKY, MAITLAND, MAJOR, MANN, MARKOSEK,
MARSICO, McGILL, McILHATTAN, METCALFE, S. MILLER, MUSTIO,
PAYNE, PERZEL, PETRI, PHILLIPS, PICKETT, PISTELLA, PYLE,
QUIGLEY, RAYMOND, REED, REICHLEY, SAYLOR, SCAVELLO, SCHRODER,
SHAPIRO, S. H. SMITH, R. STEVENSON, T. STEVENSON, TANGRETTI,
E. Z. TAYLOR, J. TAYLOR, THOMAS, TRUE, TURZAI, WALKO, WATSON,
WHEATLEY, WILT, YUDICHAK AND ZUG, APRIL 5, 2006
REFERRED TO COMMITTEE ON FINANCE, APRIL 5, 2006
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," further providing for the maximum
6 amounts of educational improvement tax credits.
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,
11 amended December 23, 2003 (P.L.304, No.48) and July 13, 2005
12 (P.L.226, No.46), is amended to read:
13 Section 2006-B. Limitations.
1 (a) Amount.--
2 (1) The total aggregate amount of all tax credits
3 approved shall not exceed [$44,000,000] $64,000,000 in a
4 fiscal year. No less than [$29,333,333] $42,666,667 of the
5 total aggregate amount shall be used to provide tax credits
6 for contributions from business firms to scholarship
7 organizations. No less than [$14,666,666] $21,333,333 of the
8 total aggregate amount shall be used to provide tax credits
9 for contributions from business firms to educational
10 improvement organizations.
11 (2) For the fiscal year 2004-2005 and each fiscal year
12 thereafter, the total aggregate amount of all tax credits
13 approved for contributions from business firms to pre-
14 kindergarten scholarship programs shall not exceed $5,000,000
15 in a fiscal year.
16 * * *
17 Section 2. This act shall take effect July 1, 2006.
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