Bill No. SB0223
Bill ID
1687540
State
IL
Title
IL SB0223 - INVEST IN KIDS-FUNDING
Description
Amends the Invest in Kids Act. Provides that no credits may be awarded under the Act for any taxable year that begins in a State fiscal year for which the minimum statutory funding level is not met. Provides that the carry-forward period for those credits shall be suspended for any taxable year that begins in a State fiscal year for which the minimum statutory funding level is not met. Requires the State Board of Education to determine whether or not the State has met the minimum funding level for the fiscal year and to transmit a copy of the determination to the Department of Revenue. Effective immediately.
Bill Type
Bill
Category
Tax Credit Vouchers, Change to Program
Session
103rd General Assembly
Special Session
No Data Available
Current Status
Failed
Status Last Updated
2025-01-07
Pending Committee
Calendar
No data available
Sponsors
Texts
Votes
No data available
Amendments
No data available
Supplements
No data available