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2023 Session

Budget Amendments - SB800 (Member Request)

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Chief Patron: Norment
Education Improvement Scholarships Tax Credits (SB 1360) (language only)

Item 0 #8s

Item 0 #8s

Revenues
Revenues

Explanation

(This amendment accompanies Senate Bill 1360, a bill that increases the Education Improvement Scholarship Tax Credit (EISTC) value from 65 to 100 percent for tax years 2023 through 2027. The official forecast in the introduced budget reduced general fund revenue by $25.0 million, the existing cap on the EISTC. This amendment assumes no general fund reduction since the official forecast reduces general fund revenue by the entire EISTC cap.)