PRIOR PRINTER'S NO. 601
PRINTER'S NO. 1329
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
527
Session of
2021
INTRODUCED BY REGAN, PHILLIPS-HILL, MARTIN, DiSANTO, BARTOLOTTA,
HUTCHINSON, J. WARD, PITTMAN AND AUMENT, APRIL 14, 2021
SENATOR MARTIN, EDUCATION, AS AMENDED, JANUARY 19, 2022
AN ACT
Amending the act of March 10, 1949 (P.L.30, No.14), entitled "An
act relating to the public school system, including certain
provisions applicable as well to private and parochial
schools; amending, revising, consolidating and changing the
laws relating thereto," in educational tax credits, further
providing for limitations.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 2006-B(a) of the act of March 10, 1949
(P.L.30, No.14), known as the Public School Code of 1949, is
amended and the section is amended by adding a subsection to
read:
Section 2006-B. 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
$185,000,000 in [a] fiscal year 2020-2021.
(i) No less than $135,000,000 or 73% of the total
<--
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
aggregate amount under this paragraph, whichever is
greater, shall be used to provide tax credits for
contributions from business firms to scholarship
organizations.
SECTION 1. SECTION 2006-B(A) OF THE ACT OF MARCH 10, 1949
(P.L.30, NO.14), KNOWN AS THE PUBLIC SCHOOL CODE OF 1949,
AMENDED JUNE 30, 2021 (P.L.158, NO.26), IS AMENDED AND THE
SECTION IS AMENDED BY ADDING A SUBSECTION TO READ:
SECTION 2006-B. 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
$225,000,000 IN [A] FISCAL YEAR 2021-2022.
(I) NO LESS THAN $175,000,000 OR 78% 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% 17% 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% 5% of the total aggregate amount under
this paragraph , whichever is greater, in a fiscal year.
20210SB0527PN1329 - 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
(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 2022-2023 , 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 prior fiscal year, the total aggregate amount of all
tax credits available under subsection (a)(1) shall increase
by 25%. The department shall publish on its publicly
accessible Internet website the total aggregate amount of all
tax credits available when the amount is increased under this
paragraph.
(2) Beginning in fiscal year 2021-2022 2022-2023 , in any
fiscal year in which the total aggregate amount of tax
credits approved under subsection (a)(2) 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)(2)
for the prior fiscal year, the total aggregate amount of all
tax credits available under subsection (a)(2) shall increase
by 25%. The department shall publish on its publicly
accessible Internet website the total aggregate amount of all
20210SB0527PN1329 - 3 -
<--
<--
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
tax credits available when the amount is increased under this
paragraph.
* * *
Section 2. This act shall take effect in 60 days.
20210SB0527PN1329 - 4 -
1
2
3
4