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PA House Passes Expansion of Scholarship Tax Credit
The Pennsylvania House today passed, on a 190-7 vote, HB 1330, which would expand the amount of tax credits available through Pennsylvania’s Educational Improvement Tax Credit (EITC), and increase income eligibility.
Under HB 1330, the total amount would increase to $100 million next year and $200 million in 2012-13—this includes $140 million for contributions to scholarship organizations ($120 million for K-12 and $20 million for pre-K scholarships). This increase would match Florida’s programs as the largest corporate tax credit scholarship program in the country, based on the 2011 ABCs of School Choice.
More on HB 1330 here, and the basics of school choice and the EITC program here.
| Educational Improvement Tax Credit Limits Under HB 1330 (in millions) | ||||
| Year | Scholarship Organizations | Pre-K Scholarship Organizations | Educational Improvement Organizations | Total EITC Credits |
| 2005-06 | $36.00 | $5.00 | $18.00 | $59.00 |
| 2006-07 | $36.00 | $5.00 | $18.00 | $59.00 |
| 2007-08 | $44.70 | $8.00 | $22.30 | $75.00 |
| 2008-09 | $44.70 | $8.00 | $22.30 | $75.00 |
| 2009-10 | $38.00 | $6.40 | $15.60 | $60.00 |
| 2010-11 | $40.20 | $6.40 | $13.40 | $60.00 |
| 2011-12 | $67.00 | $8.00 | $25.00 | $100.00 |
| 2012-13 | $120.00 | $20.00 | $60.00 | $200.00 |