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For Immediate
Release
6/30/09
Education Committee Advances Piccola’s EITC
Legislation
Making Changes to State’s Tax Credit Program
HARRISBURG – The Senate Education Committee, Chaired by Senator Jeffrey E.
Piccola, voted out today
Senate Bill 899, legislation he has authored that would
make long-overdue changes to Pennsylvania’s Educational Improvement Tax Credit
Program (EITC) by expanding income limits and allowances to benefit more
families—without placing an additional financial burden on the Commonwealth.
EITC has been providing scholarships to children throughout Pennsylvania to
attend the schools of their choice since 2001. The program allows companies in
the state to receive tax credits for contributions made to the scholarship
program and provides parents the economic means to choose the learning
environment they believe best meets the needs of their children, regardless of
family income.
"I have always been a stalwart supporter of the EITC program and that’s why I
recently introduced a measure to adjust the allowable household income for
eligible families under this initiative. Although the program has been
providing an educational lifeboat to tens of thousands of children and their
families for the past eight years, I believe the time has come to adjust these
income provisions," Piccola said. "My legislation is revenue-neutral and makes
these necessary adjustments without increasing the amount of Pennsylvania’s tax
credit during these difficult times."
Under Senate Bill 899, the base amount of allowable household income for
eligible families would increase from $50,000 to $60,000. The legislation would
also increase the capita income allowance for household dependents from $10,000
to $12,000. A cost of living adjustment would be applied annually to the income
guidelines as well.
Additionally, Piccola’s bill would apply a multiplier to allowable household
income for those families with special needs children. "This is a significant
and much needed component to the EITC program considering families often pay
significant costs to ensure their child’s educational needs are met. In many
instances, there are families who are not eligible but struggle with these
educational costs," added Piccola.
"No one can question the success of this model public-private partnership
that has brought new thinking and innovation to Pennsylvania’s school system and
allowed so many children to attend a school that best meets their needs. We
must continue this success and make the necessary changes I’ve proposed to the
program and give even more parents and children the economic means to make these
same choices," said Piccola.
Contact:
Colleen Greer
(717) 787-6801
Additional Information:
Education
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