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 updates the 1971 Tax Reform Code by changing how tax credits and benefits are administered, adds new definitions, and establishes a Keystone Literacy Investment Tax Credit. It is aimed at taxpayers and organizations that support literacy programs, encouraging more investment in literacy. The measure is currently referred to the Senate Finance Committee.

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