Bill No. SB4181
Bill ID
1597205
State
IL
Title
IL SB4181 - INVEST IN KIDS-VARIOUS
Description
Amends the Illinois Income Tax Act and the Invest in Kids Act. Provides that the Invest in Kids credit applies permanently (currently, the credit applies for taxable years ending before January 1, 2023). Makes a formatting change to create a first priority group for eligible students who received a scholarship from a scholarship granting organization during the previous school year. Provides that qualified schools may establish a maximum scholarship amount, which may not exceed the necessary costs and fees for attendance at the qualified school. Provides that the qualified school shall notify the scholarship granting organization of its necessary costs and fees as well as any maximum scholarship amount set by the school. Effective immediately.
Bill Type
Bill
Category
Tax Credit Vouchers, Program Expansion
Session
102nd General Assembly
Special Session
No Data Available
Current Status
Introduced
Status Last Updated
2022-02-23
Pending Committee
Calendar
No data available
Sponsors
Texts
Votes
No data available
Amendments
No data available
Supplements
No data available