Bill > SB71

This bill revises certain provisions related to the Partners in Education Tax Credit Program in South Dakota. Key changes include: 1) Defining terms used in the program, such as "educational scholarship," "eligible student," "low-income eligible student," and "qualifying school." 2) Increasing the income eligibility threshold for students to receive scholarships from 150% to 200% of the free or reduced-price lunch program standard, after the initial period of eligibility. 3) Capping the total amount of tax credits claimed under the program at $3.5 million per fiscal year, starting in FY2023 and each year thereafter. This is an increase from the previous cap. The bill aims to expand access to the Partners in Education Tax Credit Program by raising the income eligibility limits while also placing a new, higher cap on the total tax credits allowed under the program.

Education

https://sdlegislature.gov/#/Session/Bill/22594