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Bill > SB1280


PA SB1280

PA SB1280
Providing for the Pennsylvania Child Learning Investment Tax Credit Program.


summary

Introduced
06/26/2024
In Committee
06/26/2024
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

2023-2024 Regular Session

Bill Summary

Amending the act of April 9, 1929 (P.L.343, No.176), entitled "An act relating to the finances of the State government; providing for cancer control, prevention and research, for ambulatory surgical center data collection, for the Joint Underwriting Association, for entertainment business financial management firms, for private dam financial assurance and for reinstatement of item vetoes; providing for the settlement, assessment, collection, and lien of taxes, bonus, and all other accounts due the Commonwealth, the collection and recovery of fees and other money or property due or belonging to the Commonwealth, or any agency thereof, including escheated property and the proceeds of its sale, the custody and disbursement or other disposition of funds and securities belonging to or in the possession of the Commonwealth, and the settlement of claims against the Commonwealth, the resettlement of accounts and appeals to the courts, refunds of moneys erroneously paid to the Commonwealth, auditing the accounts of the Commonwealth and all agencies thereof, of all public officers collecting moneys payable to the Commonwealth, or any agency thereof, and all receipts of appropriations from the Commonwealth, authorizing the Commonwealth to issue tax anticipation notes to defray current expenses, implementing the provisions of section 7(a) of Article VIII of the Constitution of Pennsylvania authorizing and restricting the incurring of certain debt and imposing penalties; affecting every department, board, commission, and officer of the State government, every political subdivision of the State, and certain officers of such subdivisions, every person, association, and corporation required to pay, assess, or collect taxes, or to make returns or reports under the laws imposing taxes for State purposes, or to pay license fees or other moneys to the Commonwealth, or any agency thereof, every State depository and every debtor or creditor of the Commonwealth," providing for the Pennsylvania Child Learning Investment Tax Credit Program.

AI Summary

This bill establishes the Pennsylvania Child Learning Investment Tax Credit Program, which provides a $8,000 tax credit per year to Pennsylvania resident taxpayers for qualified learning expenses incurred for their eligible children who are not enrolled in public schools. Eligible children are of school age, reside within the attendance boundary of a Pennsylvania public school, and are not enrolled in a public school for the taxable year. Qualified learning expenses include tuition and fees for nonpublic schools, textbooks, after-school and summer education programs, tutoring, educational software, standardized testing fees, and services for students with disabilities. The tax credit can be claimed on the taxpayer's annual tax return or received in advance installments, and the Secretary of Revenue will promulgate regulations to implement and administer the program.

Committee Categories

Budget and Finance

Sponsors (4)

Last Action

Laid on the table (Pursuant to Senate Rule 9) (on 10/07/2024)

bill text


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