This is an RTS alert for SB1041 and SB1118, two student tuition organization (STO) bills that are in Ways and Means on March 10.
There are many different tax credits in support of STOs. SB1041 refers to tax credits for STO scholarships for displaced and disabled children. (Displaced children have been removed from their home and could be in foster care.) This STO is capped at $5 million in tax credits per year, and all of the tax credits are claimed each year. SB1041 would raise that cap by $5 million a year annually.￼ Businesses can buy tax credits from an STO, which turns that cash into scholarships for designated types of students to attend private schools.