An Act amending the act of March 10, 1949 (P.L.30, No.14), known as the Public School Code of 1949, in educational tax credits, further providing for tax credits and for limitations, providing for Pennsylvania Learning Investment Tax Credit, for displaced student scholarship program, establishing the Displaced Student Scholarship Fund and providing for compliance with Federal tax credit; and making an editorial change.

This bill modifies Pennsylvania's existing tax credit programs for private school scholarships by increasing the maximum credit percentage for businesses from 75% or 90% to 99% for most contributions. It also establishes a new Pennsylvania Learning Investment Tax Credit and creates a Displaced Student Scholarship Fund to support students who must move due to natural disasters or other emergencies. The legislation raises the annual funding cap for these programs from $590 million to $790 million and adjusts how funds are allocated among different types of scholarship organizations.