Illinois Code | Chapter 35 Article 40 Section 10 | Introduced

Type

Status

State	Bill	Status	Summary/Title	Last Action
IL	HB4194	Intro 25%	Amends the Invest in Kids Act. Provides that a taxpayer may take a credit under the Act for tax years ending before January 1, 2029 (currently January 1, 2024). Provides that, beginning in calendar year 2024, the aggregate amount of credits the Depar... [Detail][Text][Discuss]	2023-10-25 To House Rules Committee
IL	SB2149	Intro 25%	Amends the Invest in Kids Act. Provides that the Invest in Kids credit applies on a permanent basis. Removes a limitation that the credit may not be taken for any qualified contribution for which the taxpayer claims a federal income tax deduction. Am... [Detail][Text][Discuss]	2023-10-16 To Senate Assignments Committee
IL	HB1257	Intro 25%	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, no... [Detail][Text][Discuss]	2023-10-04 To House Rules Committee
IL	HB1642	Intro 25%	Amends the Invest in Kids Act. Provides that the credit shall be equal to 100% (rather than 75%) of the total amount of qualified contributions made by the taxpayer during a taxable year, not to exceed a credit of $1,333,333 (rather than $1,000,000) ... [Detail][Text][Discuss]	2023-05-18 To House Rules Committee
IL	SB0225	Intro 25%	Amends the Invest in Kids Act. Provides that qualified contributions made on or after June 1, 2024 may be used only to provide scholarships to eligible students who attend a technical academy. [Detail][Text][Discuss]	2023-01-31 To Senate Assignments Committee