Plain English Breakdown
The bill status indicates it passed both chambers and reached final enrollment, but no specific effective date is listed in the provided metadata or summary.
HB565: Raising the Cap on Education Donation Tax Credits
This bill increases the total yearly limit for tax credits that people can get when they donate money to qualified education programs.
What This Bill Does
- Increases the annual aggregate limit for income tax credits available for qualified education donations.
Limits and Unknowns
- The specific dollar amounts of the new limits are not listed in the source text.
- The exact effective date is not provided in the source text.
- Details on which organizations count as 'qualified' for these donations are not included here.