Bill > H7099

This bill revises and expands Florida's tax credit scholarship programs by creating a new Florida Sales Tax Credit Scholarship Program alongside the existing Florida Tax Credit Scholarship Program. The legislation allows businesses that collect sales tax (registered sales tax dealers) to receive a tax credit for making eligible contributions to nonprofit scholarship-funding organizations, which then provide scholarships to eligible students for private school tuition or transportation to public schools outside their district. The bill also modifies eligibility criteria for students, clarifies responsibilities for scholarship organizations and private schools, and establishes new annual limits for the total amount of tax credits that can be issued under both programs, with these limits increasing over time. Additionally, it enhances confidentiality provisions for tax information related to these programs and requires more detailed reporting and oversight of participating organizations and schools.