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Bill > S7052
FL S7052
Florida K-12 Education Tax Credit Program Trust Fund/Department of Education
summary
Introduced
03/04/2021
03/04/2021
In Committee
Crossed Over
Passed
Dead
04/30/2021
04/30/2021
Introduced Session
2021 Regular Session
Bill Summary
Creating the Florida K-12 Education Tax Credit Program Trust Fund within the Department of Education; providing the purpose of the trust fund and the source of funds; exempting the trust fund from the general revenue service charge; requiring any balance in the trust fund at the end of any fiscal year to remain in the trust fund and be available for carrying out the purpose of the trust fund; providing for future review and termination or re-creation of the trust fund, etc.
AI Summary
This bill creates the Florida K-12 Education Tax Credit Program Trust Fund within the Department of Education. The purpose of the trust fund is to serve as a depository for eligible contributions made to the K-12 education tax credit program set forth in sections 212.099 and 1002.395 of the Florida Statutes. The funds in the trust fund must be used for K-12 education and are exempt from the general revenue service charge. The bill also specifies that any balance in the trust fund at the end of a fiscal year will remain in the fund and be available for carrying out its purpose. Additionally, the trust fund is subject to review and potential termination or re-creation in 2025.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Appropriations (S)
Last Action
Died on Calendar (on 04/30/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2021/7052 |
| BillText | https://www.flsenate.gov/Session/Bill/2021/7052/BillText/Filed/HTML |
| Bill | https://www.flsenate.gov/Session/Bill/2021/7052/BillText/Filed/PDF |
| Analysis - Appropriations (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2021/7052/Analyses/2021s07052.ap.PDF |
| Analysis - Appropriations (Pre-Meeting) | https://www.flsenate.gov/Session/Bill/2021/7052/Analyses/2021s07052.pre.ap.PDF |
| BillText | https://www.flsenate.gov/Session/Bill/2021/7052/BillText/pb/HTML |
| Bill | https://www.flsenate.gov/Session/Bill/2021/7052/BillText/pb/PDF |
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