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FL S0962
Bill
Status
Introduced
11/15/2011
Primary Sponsor
Ellyn Bogdanoff
Click for details
AI Summary
- Increases the tax credit cap for the Florida Tax Credit Scholarship Program from $140 million to $250 million in the 2012-2013 state fiscal year
- Establishes that the tax credit cap in the 2013-2014 fiscal year and thereafter shall be the prior year's cap amount, unless the prior year's tax credit amount reaches 90 percent or more of the cap
- Provides for automatic 25 percent increases to the tax credit cap whenever the annual tax credit amount equals or exceeds 90 percent of the applicable cap amount
- Requires the Department of Education to publish information on its website identifying when the tax credit cap amount is increased
- Takes effect July 1, 2012
Legislative Description
Florida Tax Credit Scholarship Program
Last Action
Laid on Table, refer to CS/CS/CS/HB 859 -SJ 1171
3/9/2012
Committee Referrals
Budget1/25/2012
Finance And Tax Subcommittee1/19/2012
Budget1/11/2012
Education Pre-K - 1212/6/2011
Full Bill Text
No bill text available