IL SB3744 | 2009-2010 | 96th General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 11 2010 - 25% progression, died in committee
Action: 2010-03-08 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. Creates a credit for businesses that make contributions to (i) educational improvement organizations, (ii) qualified scholarship organizations, or (iii) qualified pre-kindergarten scholarship organizations. Sets forth the amount of the credit. Provides that educational improvement organizations, scholarship organizations, and qualified pre-kindergarten scholarship organizations must submit certain information to the Department of Commerce and Economic Opportunity. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.

Tracking Information

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Title

INC TX-SCHOLARSHIP CREDIT

Sponsors


History

DateChamberAction
2010-03-08 Rule 3-9(a) / Re-referred to Assignments
2010-03-08 To Revenue Subcommittee on Special Issues
2010-02-24 Assigned to Revenue
2010-02-11 Referred to Assignments
2010-02-11 First Reading
2010-02-11 Filed with Secretary by Sen. Kimberly A. Lightford

Illinois State Sources


Bill Comments

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