Florida Tax Credit Scholarship Program

SB 1318 modifies Florida's Tax Credit Scholarship Program by removing requirements that leftover scholarship funds must revert to the state under specific circumstances. Previously, funds would return to the state if a student's account was inactive for two years, they were unenrolled for 30 days (for full-time scholarships), or if fraud occurred. This bill eliminates those reversion rules, allowing unused scholarship funds to remain in a student's account indefinitely. The change directly affects scholarship recipients and participating private schools, with the law taking effect July 1, 2026. The policy shift focuses on retaining funds for student use rather than returning them to state coffers.