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SB 1485 - School tuition organization; inflator

Tracking Level: Support
Sponsor: Javan Mesnard (R)
Last Action: 6/6/2019 - Chapter 281
Senate Committee: Finance
House Committee: Rules
Assigned To:
RevenueNext Bill

Staff Analysis of the Legislation

SB1485- school tuition organization; inflator

This bill reduces the cap on annual growth for corporate STO tax credits from 20% to:

1.      15% in FY21;

2.      10% in FY22;

3.      5% in FY23; and

4.      2% or inflation, whichever is greater, in FY24 and beyond.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text / PDF
Summary:

School tuition organization; inflator

Title:

School tuition organization; inflator

Introduction Date:

Tuesday, February 5, 2019