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Senator Gaetz moved the following amendment:

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     Senate Amendment (with title amendment)

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     Between line(s) 279 and 280

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insert:

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     Section 2. Corporate Income Tax Credit Scholarship Program

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funding.--

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      (1) By December 1, 2008, the Office of Program Policy

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Analysis and Government Accountability shall submit a report to

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the Governor, the President of the Senate, and the Speaker of the

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House of Representatives that:

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      (a) Reviews the advisability and net state fiscal impact

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of:

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     1. Increasing the maximum annual amount of credits for the

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corporate income tax permitted under s. 220.187, Florida

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Statutes, for the scholarship program.

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     2. Authorizing the use of credits for insurance premium

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taxes under chapter 624, Florida Statutes, as an additional

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source of funding for the scholarship program under s. 220.187,

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Florida Statutes.

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      (b) Provides recommendations, if warranted by the review

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under paragraph (a):

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     1. For methodologies to annually or otherwise increase the

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maximum annual amount of corporate income tax credits for

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scholarship funding.

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     2. To implement the use of insurance premium tax credits for

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scholarship funding.

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     Such recommendations may only include options that will

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annually produce a neutral or positive net fiscal impact on state

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revenue and expenditures.

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      (2) The Office of Program Policy Analysis and Government

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Accountability may request that the Revenue Estimating Conference

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and the Education Estimating Conference established under s.

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216.134, Florida Statutes, evaluate its findings and

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recommendations under this section.

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(And redesignate subsequent section)

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================ T I T L E  A M E N D M E N T ================

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And the title is amended as follows:

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     Insert after the semicolon on line 26:

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requiring the Office of Program Policy Analysis and Government

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Accountability to submit a report on funding for the scholarship

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program; specifying report requirements; providing an effective

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date.

4/28/2008  4:45:00 PM     ED.4.08886