Income taxes: credit: Scholarship Tax Credit Program Act.

The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws. This bill, for each taxable year beginning on or after January 1, 2019, would allow a credit in an amount equal to the total contributions made to a scholarship granting organization that provides scholarships to eligible students to cover all or part of the tuition and fees at a qualified school, as defined, during the taxable year, not to exceed a specified amount. The bill would impose specified duties on the Franchise Tax Board, the State Department of Education, and the Employment Development Department in administering the credits. This bill would take effect immediately as a tax levy.