IL HB1257 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Moderate Partisan Bill (Republican 6-1)
Status: Introduced on January 18 2023 - 25% progression
Action: 2023-10-04 - Added Co-Sponsor Rep. Michael J. Coffey, Jr.
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Invest in Kids Act. Provides that, for taxable years beginning on or after January 1, 2023, the credit shall be equal to 100% (rather than 75%) of the total amount of qualified contributions made by the taxpayer during the taxable year, not to exceed a credit of $1,000,000 per taxpayer. Effective immediately.

Tracking Information

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Title

INVEST IN KIDS-CREDIT AMOUNT

Sponsors


History

DateChamberAction
2023-10-04HouseAdded Co-Sponsor Rep. Michael J. Coffey, Jr.
2023-05-18HouseAdded Co-Sponsor Rep. Ryan Spain
2023-03-10HouseRule 19(a) / Re-referred to Rules Committee
2023-03-10HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
2023-03-09HouseTo Revenue - Tax Credit and Incentives Subcommittee
2023-03-07HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
2023-03-03HouseHouse Committee Amendment No. 1 Referred to Rules Committee
2023-03-03HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Joe C. Sosnowski
2023-02-28HouseAssigned to Revenue & Finance Committee
2023-02-14HouseAdded Co-Sponsor Rep. Amy L. Grant
2023-01-31HouseReferred to Rules Committee
2023-01-31HouseFirst Reading
2023-01-19HouseAdded Co-Sponsor Rep. Travis Weaver
2023-01-19HouseAdded Chief Co-Sponsor Rep. Adam M. Niemerg
2023-01-18HouseFiled with the Clerk by Rep. Joe C. Sosnowski

Code Citations

ChapterArticleSectionCitation TypeStatute Text
354010Amended CodeCitation Text

Illinois State Sources


Bill Comments

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