Bill Sponsors: IL HB4563 | 2017-2018 | 100th General Assembly

Bill Title: Amends the Invest in Kids Act. Provides that contributions to a school district foundation are also qualified contributions under the Act. Provides that taxpayers who make contributions to a school district foundation are also eligible for a property tax credit. Provides that the term "contribution" means a donation made by the taxpayer during the taxable year for providing scholarships or support (currently, scholarships only). Contains provisions concerning the calculation of the credit or abatement for contributions to school district foundations and the aggregate amount of the credit and abatement available for those contributions. Amends the School Code. Provides that payments under the evidence-based funding formula shall be reduced by the amount of qualified contributions received by the applicable school district foundation under the Invest in Kids Act. Effective immediately.

Spectrum: Partisan Bill (Republican 7-0)

Status: (Introduced) 2018-05-10 - Motion Withdrawn Rep. Peter Breen [HB4563 Detail]

Text: Latest bill text (Introduced) [HTML]

Sponsors

NameTypeSponsorshipDistrictFinancialEncyclopediaBiography
Representative Peter Breen [R]PrimarySponsored BillsHD-048FollowTheMoneyBallotpediaVoteSmart
Representative Keith Wheeler [R]CosponsorSponsored BillsHD-050FollowTheMoneyBallotpediaVoteSmart
Representative Margo McDermed [R]CosponsorSponsored BillsHD-037FollowTheMoneyBallotpediaVoteSmart
Representative Allen Skillicorn [R]CosponsorSponsored BillsHD-066FollowTheMoneyBallotpediaVoteSmart
Representative Patricia Bellock [R]CosponsorSponsored BillsHD-047FollowTheMoneyBallotpediaVoteSmart
Representative Avery Bourne [R]CosponsorSponsored BillsN/AFollowTheMoneyBallotpediaVoteSmart
Representative Christine Winger [R]CosponsorSponsored BillsHD-045FollowTheMoneyBallotpediaVoteSmart

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