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 limitations.

Senate Bill 706 amends Pennsylvania's Public School Code of 1949, specifically addressing limitations on educational tax credits. The bill mandates that the department administering these credits must ensure they are approved equitably for contributions from business firms headquartered in each specified region of the Commonwealth. This includes regions like the northcentral, northeast, and southeast. Additionally, any approved tax credits for firms in one region that go unclaimed must be promptly reallocated to business firms in other regions of Pennsylvania.