Bill Text: PA HB863 | 2009-2010 | Regular Session | Introduced

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Bill Title: In educational improvement tax credit, further defining "educational improvement organization" and defining "technology development investment program"; and further providing for limitations.

Spectrum: Slight Partisan Bill (Republican 29-11)

Status: (Introduced - Dead) 2009-03-11 - Referred to FINANCE [HB863 Detail]

Download: Pennsylvania-2009-HB863-Introduced.html

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PRINTER'S NO. 976
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No. 863 Session of2009
INTRODUCED BY REICHLEY, BEYER, BOYD, BRENNAN, CALTAGIRONE, CIVERA, CREIGHTON, DALLY, DENLINGER, EVERETT, FAIRCHILD, GEIST, GIBBONS, GINGRICH, HESS, HICKERNELL, W. KELLER, KILLION, KORTZ, LONGIETTI, MAJOR, MELIO, MURT, PETRARCA, PETRI, PICKETT, PYLE, RAPP, READSHAW, ROSS, SCAVELLO, SIPTROTH, S. H. SMITH, STERN, STEVENSON, TRUE, VULAKOVICH, WATSON, YOUNGBLOOD AND QUINN, MARCH 11, 2009
REFERRED TO COMMITTEE ON FINANCE, MARCH 11, 2009
AN ACT
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 improvement tax
credit, further defining "educational improvement
organization" and defining "technology development investment
program"; and further providing for limitations.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. The definition of "educational improvement
organization" in section 2002-B of the act of March 10, 1949
(P.L.30, No.14), known as the Public School Code of 1949,
amended July 11, 2006 (P.L.1092, No.114), is amended and the
section is amended by adding a definition to read:
Section 2002-B. Definitions.
The following words and phrases when used in this article
shall have the meanings given to them in this section unless the
context clearly indicates otherwise:
* * *
"Educational improvement organization." A nonprofit entity
which:
(1) is exempt from Federal taxation under section 501(c)
(3) of the Internal Revenue Code of 1986 (Public Law 99-514,
26 U.S.C. § 1 et seq.); and
(2) contributes at least 80% of its annual receipts as
grants to a public school for innovative educational programs
or technology development investment programs.
For purposes of this definition, a nonprofit entity
"contributes" its annual cash receipts when it expends or
otherwise irrevocably encumbers those funds for expenditure
during the then current fiscal year of the nonprofit entity or
during the next succeeding fiscal year of the nonprofit entity.
* * *
"Technology development investment program." A technological
or similar program that is not part of the regular academic
program of a public school but enhances the technological
opportunities and resources of the public school available to
public school students.
Section 2. Section 2006-B(a) of the act, amended July 20,
2007 (P.L.278, No.45), is amended to read:
Section 2006-B. Limitations.
(a) Amount.--
(1) The total aggregate amount of all tax credits
approved shall not exceed $67,000,000 in a fiscal year. No
less than $44,666,667 of the total aggregate amount shall be
used to provide tax credits for contributions from business
firms to scholarship organizations. No less than $22,333,333
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of the total aggregate amount shall be used to provide tax
credits for contributions from business firms to educational
improvement organizations.
(2) (i) For the fiscal year 2004-2005, 2005-2006 and
2006-2007, the total aggregate amount of all tax credits
approved for contributions from business firms to pre-
kindergarten scholarship programs shall not exceed
$5,000,000 in a fiscal year.
(ii) For the fiscal year 2007-2008 [and each fiscal
year thereafter], the total aggregate amount of all tax
credits approved for contributions from business firms to
pre-kindergarten scholarship programs shall not exceed
$8,000,000 in a fiscal year.
(iii) For the fiscal year 2008-2009 and each fiscal
year thereafter, the total aggregate amount of all tax
credits approved for contributions from business firms to
an educational improvement organization for the purpose
of providing funding for a technology development
investment program shall not exceed $15,000,000 in a
fiscal year.
* * *
Section 3. This act shall take effect immediately.
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