This bill proposes to amend current statutes regarding the Public School Extracurricular Activity Fees Tax Credit by extending the authorized purposes for which contributions can be used until June 30, 2029. Currently, the statute allows for contributions to be used for specific educational purposes until June 30, 2024. The bill will retroactively apply from July 1, 2024, thereby ensuring that contributions made during this period can still be utilized for the outlined purposes, which include the acquisition of capital items, community school meal programs, student health care supplies, and playground equipment.

Additionally, the bill makes conforming changes to the existing law to reflect this extension. The current language that specifies the expiration date of June 30, 2024, will be deleted and replaced with the new expiration date of June 30, 2029. This update aims to provide continued support for public schools by allowing them to utilize tax credit contributions for a broader range of activities and resources over the next several years.

Statutes affected:
Introduced Version: 43-1089.01
Senate Engrossed Version: 43-1089.01