An Act amending the act of April 9, 1929 (P.L.343, No.176), known as The Fiscal Code, providing for the Pennsylvania Learning Investment Tax Credit Program.

Pennsylvania SB 1445 establishes the Learning Investment Tax Credit Program, which provides a refundable tax credit of $8,000 per child for qualified education expenses. The program is available to parents or legal guardians with annual incomes up to 300% of the area median gross income who have school-age children not enrolled in public schools. Eligible expenses include private school tuition, textbooks, tutoring, educational software, and standardized test fees. The total amount of credits awarded is capped at $300 million per fiscal year, with a mechanism to increase this cap by 25% if the previous year's usage reaches 90% of the limit.