Pennsylvania SB1406 establishes a tax credit program to fund literacy instruction in public schools.

Pennsylvania SB1406 creates the Keystone Literacy Investment Tax Credit to support evidence-based reading instruction in public schools. Qualified taxpayers can purchase tax credits to offset their insurance premiums tax liability. The Department of Community and Economic Development manages the program, selling up to $150 million in tax credits. Funds from the sale go into the Keystone Literacy Investment Fund, which the Department of Education uses to award grants to school entities.

Pennsylvania SB1406 establishes a tax credit program to fund literacy instruction in public schools.

Pennsylvania SB1406 creates the Keystone Literacy Investment Tax Credit to support evidence-based reading instruction in public schools. Qualified taxpayers can purchase tax credits to offset their insurance premiums tax liability. The Department of Community and Economic Development manages the program, selling up to $150 million in tax credits. Funds from the sale go into the Keystone Literacy Investment Fund, which the Department of Education uses to award grants to school entities.