HB 2632
An Act amending the act of March 10, 1949 (P.L.30, No.14), known as the Public School Code of 1949, in educational tax credits, further providing for limitations and providing for termination of authority; providing for education options tax credits; establishing the Accountability for Diverted Tax Dollars Restricted Account; providing for scholarship granting organizations, for application by eligible contributors, for scholarships, for educational improvement programs, for low-achieving schools, for school participation in program and for original jurisdiction; and imposing duties on the Department of Community and Economic Development, the Department of Education, the Department of * * *
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill amends existing laws related to public school tax credits, primarily focusing on limiting the amount of contributions to scholarship organizations and educational improvement programs in the 2027-2028 fiscal year and beyond. It establishes a new account for diverted tax dollars, creates scholarship granting organizations, and outlines procedures for applying for and receiving tax credits. The bill also introduces education options tax credits and establishes requirements for participating schools and organizations, including limitations on student enrollment and prohibiting discriminatory practices.
Key provisions
- Limits total tax credit contributions to scholarship organizations and educational improvement organizations to $590,000,000 and $90,000,000 respectively for fiscal years prior to 2027-2028.
- Prohibits tax credits for the 2027-2028 fiscal year and subsequent years.
- Establishes the Accountability for Diverted Tax Dollars Restricted Account.
- Creates scholarship granting organizations and outlines application and approval processes.
- Introduces education options tax credits.
- Requires participating public and nonpublic schools to meet specific criteria, including non-discrimination policies.
- Establishes a lottery system for distributing scholarships among eligible students.
- Defines key terms related to scholarship programs and eligibility.
Who is affected
- Students and families seeking educational opportunities
- Public schools
- Nonpublic schools
Sponsors
Official sponsors from legislative records.
Primary sponsor
Cosponsors
Benjamin Sanchez
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