FL S1740

Repeals the Florida Tax Credit Scholarship Program (s. 1002.395) and the Hope Scholarship Program (s. 1002.40), effective July 1, 2019.

Repeals the reading scholarship accounts program (s. 1002.411) and related tax credit provisions for contributions to nonprofit scholarship-funding organizations under the sales tax, corporate income tax, and insurance premium tax codes.

Removes references to the Florida Tax Credit Scholarship Program from statutes governing student educational choice options, the McKay Scholarships for Students with Disabilities, and the Gardiner Scholarship program.

Eliminates audit requirements for the Auditor General to conduct operational audits of nonprofit scholarship-funding organizations receiving eligible contributions under the repealed tax credit scholarship program.

Makes conforming amendments to tax code provisions and removes the corporate tax credit previously available under the repealed scholarship programs from the order of credit application.