; and (iv) portable throughout the school year if the student changes to another qualified school, and may be prorated according to the time frame left in the school year. (C) Submission of data Submitting, on an annual basis, the following data (which contains no identifiable student information) to the finance authority: (i) Amount of scholarship provided. (ii) Data on type of school. (iii) Data on the safety issue. (d) Audits The finance authority will review the scholarship granting organization financial audits and terminate the organization if proper guidelines are not followed or remedied in a timely manner. 8. DC tax credits (a) DC tax credit for certified donations There is established in the District of Columbia a program to provide tax credits against income taxes imposed by the District of Columbia for certified donations described in section 5. Such program shall be administered by the Mayor consistent with the following: (1) The initial amount of the tax credit donations in the first year will be $100 million dollars. (2) Donors will be allowed to take a tax credit of 100 percent of their certified donation up to their tax liability. Any excess credit may be rolled over for up to 5 years. (3) Each year tax credit donations reach 90 percent of the yearly limit, the limit will be increased by 25 percent the following year. (4) A taxpayer may donate in excess of the certified amount to the scholarship granting organization. This excess cannot be used in tax credit calculations, but may be utilized as a normal charitable donation on the taxpayer’s income tax return. (b) DC tax credit for certain education expenses There is established in the District of Columbia a program to provide tax credits against income taxes imposed by the District of Columbia for eligible expenses above the amount provided under a child safety account. Such program shall be administered by the Mayor consistent with the following: (1) Parents will be allowed to top off tuition or other eligible expenses. (2) The parent may claim