An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in tax credit and tax benefit administration, further providing for definitions; and providing for Keystone Literacy Investment Tax Credit.

Summary

The bill adds a new Keystone Literacy Investment Tax Credit that lets qualified insurance companies purchase credits and apply them against their insurance premiums tax liability. The credits raise up to $150 million for a fund that supports structured reading instruction in public schools. It aims to improve student reading proficiency and long‑term workforce readiness.

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