summary
Introduced
05/05/2025
05/05/2025
In Committee
05/05/2025
05/05/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
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.
AI Summary
This bill amends the Public School Code of 1949 to modify how educational tax credits are distributed across Pennsylvania's regions. Specifically, the bill requires the department to ensure that tax credits for business contributions are approved equitably across six defined regions of the state: northcentral, northeast, northwest, southcentral, southeast, and southwest. If tax credits from businesses in a particular region go unclaimed, those credits will be promptly reallocated to businesses in other regions. The bill also gives the department the authority to develop guidelines for implementing this regional allocation approach. The new provisions aim to create a more balanced distribution of educational tax credits throughout Pennsylvania, ensuring that businesses from all regions of the state have a fair opportunity to participate in and benefit from the tax credit program. The bill will take effect 60 days after its enactment.
Committee Categories
Education
Sponsors (2)
Last Action
Referred to Education (on 05/05/2025)
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