Illinois House Bill 5614

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 9 2024 - 25% progression
Action: 2024-02-09 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Creates the Students in Need Scholarship Act. Provides that the Department of Revenue shall award income tax credits to taxpayers who make authorized contributions to scholarship granting organizations. Sets forth limitations with respect to the aggregate number of credits awarded by the Department in a calendar year and the amount of credits awarded to an individual taxpayer. Sets forth provisions concerning scholarship granting organizations and requirements for scholarship granting organizations. Specifies which students are eligible for a scholarship. Provides for reporting. Sets forth further provisions concerning administering the scholarship program created by the Act. Amends the Illinois Income Tax Act to make a conforming change. Effective immediately.

STUDENTS IN NEED SCHOLARSHIP

Rep. Tim Ozinga [R]

Date	Chamber	Action
2024-02-09	House	Referred to Rules Committee
2024-02-09	House	First Reading
2024-02-09	House	Filed with the Clerk by Rep. Tim Ozinga

Chapter	Article	Section	Citation Type	Statute Text
35	5	541	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5614&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB5614.htm