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Senate Bill 527 Printer's Number 601

PENNSYLVANIA, April 14 - (i) No less than $135,000,000 or 73% of the total

aggregate amount under this paragraph, whichever is

greater, shall be used to provide tax credits for

contributions from business firms to scholarship

organizations.

(ii) No less than $37,500,000 or 20% of the total

aggregate amount under this paragraph, whichever is

greater, shall be used to provide tax credits for

contributions from business firms to educational

improvement organizations.

(iii) The total aggregate amount of all tax credits

approved for contributions from business firms to pre-

kindergarten scholarship organizations shall not exceed

$12,500,000 or 7% of the total aggregate amount under

this paragraph , whichever is greater, in a fiscal year.

(2) The total aggregate amount of all tax credits

approved for contributions from business firms to opportunity

scholarship organizations shall not exceed $55,000,000 in a

fiscal year and no less than $5,000,000 of the total

aggregate amount shall be used to provide tax credits for

contributions from business firms to increase the scholarship

amount to students attending an economically disadvantaged

school by up to $1,000 more than the amount provided during

the immediately preceding school year.

(a.1) Increases.--

(1) Beginning in fiscal year 2021-2022, in any fiscal

year in which the total aggregate amount of tax credits

approved under subsection (a)(1) for the prior fiscal year is

equal to or greater than 90% of the total aggregate amount of

all tax credits available under subsection (a)(1) for the

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