A bill for an act repealing the school tuition organization tax credit available against the individual and corporate income taxes and including effective date provisions.

Summary

The bill eliminates the tax credit that lets individuals and corporations deduct 75% of contributions to school tuition organizations (STOs). It stops new credits for contributions made after July 1 2026 and fully repeals the credit by July 1 2032, cutting the 2026 credit cap from $20 million to $10 million. This affects donors, STOs, and taxpayers who currently rely on the credit to fund private‑school tuition assistance.

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