Did not become law. It stopped in the Senate's Finance Committee on February 25, 2026.
2026 Regular Session
Senate Bill 3118
Income tax; implement pilot program authorizing credit for educational expenses, awarded by lottery system.
What it does
The synopsis the Legislature published with the bill.
AN ACT TO AUTHORIZE AN INCOME TAX CREDIT FOR ELIGIBLE EDUCATIONAL EXPENSES PAID BY A PARENT OR LEGAL GUARDIAN ON BEHALF OF A DEPENDENT K-12 STUDENT; TO SPECIFY A MAXIMUM AMOUNT OF THE CREDIT PER STUDENT; TO PROVIDE THAT ANY UNUSED PORTION OF THE CREDIT MAY BE CARRIED FORWARD FOR THE FIVE SUCCEEDING TAX YEARS; TO PROVIDE THAT THE AMOUNT OF THE CREDIT THAT MAY BE UTILIZED IN ANY TAX YEAR SHALL NOT EXCEED THE TOTAL STATE INCOME TAX LIABILITY OF THE TAXPAYER FOR THAT YEAR; TO PROVIDE THAT THE AGGREGATE AMOUNT OF TAX CREDITS THAT MAY BE AWARDED UNDER THIS SECTION IN ANY CALENDAR YEAR SHALL NOT EXCEED $20,000,000.00; TO PRESCRIBE THE CONTENT REQUIRED IN THE APPLICATION FOR THE CREDIT; TO PROVIDE THAT THE DEPARTMENT SHALL ESTABLISH A LOTTERY SYSTEM FOR SELECTING TAXPAYERS TO BE AWARDED THE CREDIT; TO AUTHORIZE THE DEPARTMENT OF REVENUE TO PROMULGATE REGULATIONS AS NEEDED TO ADMINISTER THIS ACT; TO SPECIFY THAT THIS ACT CREATES A PILOT PROGRAM AND THAT NO CREDITS SHALL BE AUTHORIZED UNDER THIS ACT FOR ELIGIBLE EXPENSES INCURRED IN ANY CALENDAR YEAR OTHER THAN 2026; AND FOR RELATED PURPOSES.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
In the Senate
Sponsor
Its course
February 17 to February 25, 2026, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action2 actions on 2 days
In the SenateFeb 17 to Feb 25 · stopped8 days
FinanceFeb 17 to Feb 25 · stopped8 days
Text
Each version as the Legislature printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the Legislature published it is below.