HOUSE AMENDMENT Bill No. CS/CS/SB 1436
1	CHAMBER ACTION
2	Senate House
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12	Representative Pickens offered the following:
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14	Amendment to Amendment (483919)
15	Remove line(s) 1396-1426, and insert:
16	Section 14. A new subsection (5) is added to section
17	220.187, Florida Statutes, present subsections (5) through (7)
18	are renumbered as subsections (6) through (8), respectively, and
19	paragraph (c) of subsection (2), paragraph (b) of subsection
20	(3), paragraph (e) of subsection (4), and paragraph (a) of
21	present subsection (6) of said section are amended, to read:
22	220.187 Credits for contributions to nonprofit
23	scholarship-funding organizations.--
24	(2) DEFINITIONS.--As used in this section, the term:
25	(c) "Eligible nonpublic school" means a nonpublic school
26	located in Florida that offers an education to students in any
27	grades K-12 and that meets the requirements in subsection (6)
28	(5).
29	(3) AUTHORIZATION TO GRANT SCHOLARSHIP FUNDING TAX
30	CREDITS; LIMITATIONS ON INDIVIDUAL AND TOTAL CREDITS.--
31	(b) Notwithstanding any other provision of law,the total
32	amount of tax credit which may be granted each state fiscal year
33	under both this section and s. 220.1875 is $100$50million.
34	(4) OBLIGATIONS OF ELIGIBLE NONPROFIT SCHOLARSHIP-FUNDING
35	ORGANIZATIONS.--
36	(e) An eligible nonprofit scholarship-funding organization
37	that receives an eligible contribution must spend 100 percent of
38	the eligible contribution to provide scholarships within 6
39	months after the date the contribution was received orin the
40	same state fiscal year in which the contribution was received,
41	whichever is later. No portion of eligible contributions may be
42	used for administrative expenses. All interest accrued from
43	contributions must be used for scholarships.
44	(5) PARENT OBLIGATIONS.--As a condition for scholarship
45	payment pursuant to paragraph (4)(g), if the parent chooses for
46	his or her child to attend an eligible nonpublic school, the
47	parent must inform the child’s school district within 15 days
48	after such decision.
49	(7)(6)ADMINISTRATION; RULES.--
50	(a) If the credit granted pursuant to this section is not
51	fully used in any one year because of insufficient tax liability
52	on the part of the corporation, the unused amount may notbe
53	carried forward for a period not to exceed 3 years. A taxpayer
54	may not convey, assign, or transfer the credit authorized by
55	this section to another entity unless all of the assets of the
56	taxpayer are conveyed, assigned, or transferred in the same
57	transaction. This carryforward applies to all approved
58	contributions made after January 1, 2002.
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