Pennsylvania HB2541 establishes a tax credit program to fund literacy instruction in public schools.

Pennsylvania HB2541 creates the Keystone Literacy Investment Tax Credit Program. Qualified taxpayers can purchase tax credits from the Department of Community and Economic Development to offset their insurance premiums tax liability. The program aims to fund evidence-based reading instruction in public schools. The department can sell up to $150 million in tax credits, with a yearly limit of $50 million starting in 2029. The tax credit certificates can be carried over to succeeding taxable years but cannot be carried back.

Pennsylvania HB2541 establishes a tax credit program to fund literacy instruction in public schools.

Pennsylvania HB2541 creates the Keystone Literacy Investment Tax Credit Program. Qualified taxpayers can purchase tax credits from the Department of Community and Economic Development to offset their insurance premiums tax liability. The program aims to fund evidence-based reading instruction in public schools. The department can sell up to $150 million in tax credits, with a yearly limit of $50 million starting in 2029. The tax credit certificates can be carried over to succeeding taxable years but cannot be carried back.