Pennsylvania HB2623: An Act amending the act of March 10, 1949 (P.L.30, No.14), known as the Public School Code of 1949, in educational tax credits, further providing for tax credits and for limitations, providing for Pennsylvania Learning Investment Tax Credit, for displaced student scholarship program, establishing the Displaced Student Scholarship Fund and providing for compliance with Federal tax credit; and making an editorial change.

What the bill says

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 tax credits and for limitations, providing for Pennsylvania Learning Investment Tax Credit, for displaced student scholarship program, establishing the Displaced Student Scholarship Fund and providing for compliance with Federal tax credit; and making an editorial change.

From the introduced text, June 10, 2026:

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 tax credits and for limitations, providing for Pennsylvania Learning Investment Tax Credit, for displaced student scholarship program, establishing the Displaced Student Scholarship Fund and providing for compliance with Federal tax credit; and making an editorial change. The General Assembly of the Commonwealth of Pennsylvania hereby enacts as follows: Section 1. Article XX-B of the act of March 10, 1949 (P.L.30, No.14), known as the Public School Code of 1949, is amended by adding a subarticle heading immediately preceding section 2001-B to read: SUBARTICLE A EDUCATIONAL IMPROVEMENT AND OPPORTUNITY SCHOLARSHIP TAX CREDIT PROGRAMS Section 2. Section 2005-B(a)(1), (a.1)(1), (b) and (c)(1) of the act, amended July 11, 2024 (P.L.618, No.55), are amended to read: Section 2005-B. Tax credits. (a) Scholarship or educational improvement organizations.-- In accordance with section 2006-B, the Department of Revenue shall grant a tax credit against any applicable tax to a business firm providing proof of a contribution to a scholarship organization or educational improvement organization in the taxable year in which the contribution is made in accordance with the following: (1) The tax credit shall not exceed [75% or, in the case …