Bill
Number: S.B. 1467
Farley
Floor Amendment
Reference
to: printed bill
Amendment
drafted by: Sean Laux
FLOOR
AMENDMENT EXPLANATION
·
Eliminates
the automatic annual 20% increase in the corporate STO credit cap, and instead
freezes the cap at the FY 2018 amount.
·
Restricts
the award of corporate STO scholarships to low-income families that earn less
than 133% of the federal poverty level.
·
Removes
provisions related to expanding low-income corporate eligibility and
scholarship award amounts.
·
Removes
the provision indexing the disabled and displaced credit cap to inflation.
·
Removes
provisions relating to ESA eligibility.
·
Removes
the provision that allows an STO to charge a reasonable application fee for an
educational scholarship or tuition grant.
Page 1,
strike lines 2 through 44
Strike pages
2 through 5
Page 6,
strike lines 1 through 4
Renumber to
conform
Line 21, after the period, strike remainder of line
Strike line 22
Line 23, strike "(a)"
Line 24, after the comma strike remainder of line
Line 25, strike
"previous fiscal year shall be" insert " the
aggregate dollar
amount of the tax credit cap from the previous
fiscal year shall be"; strike "increased"
insert "increased"
Strike lines
26 through 34
Strike
pages 8 and 9
Page 10,
strike lines 1 through 35
Renumber to conform
Page 11, line 22, after "income" strike
remainder of line
Strike lines 23 and 24
Line 25, strike "or reduced-lunches" insert "DOES
NOT EXCEED THE FEDERAL POVERTY GUIDELINES"
Line 26, after "the" strike remainder of line
Strike lines 27 through 29
Line 30, strike " Code sections 1751 through
1785) for free or reduced‑price lunches" insert "FEDERAL POVERTY GUIDELINES BUT DOES NOT EXCEED ONE HUNDRED THIRTY‑THREE
PERCENT OF THE FEDERAL POVERTY GUIDELINES"
Strike lines 31 through 33
Line 42, strike "one hundred eighty-five";
strike "PERCENT of the"
Page 11,
line 43, strike "income limit required to qualify a child for"; strike
"REDUCED-PRICE"
Strike line 44
Page 12,
line 1, strike "(42 Unites State Code sections 1751 through 1785)"
insert "ONE HUNDRED THIRTY‑THREE PERCENT OF THE
FEDERAL POVERTY GUIDELINES"
Strike lines
13 through 17
Renumber to
conform
Line 19,
strike ", 2 or 3 THROUGH 6" insert ", 2 or
3"
Strike lines
22 through 25
Reletter
to conform
Line 32,
after "2006" strike remainder of line
Line 33, strike "2018"
Line 34, after the period, strike remainder of line
Strike lines 35 through 45
Strike
page 13
Page 14,
strike lines 1 through 33
Renumber
to conform
Amend title to conform