Bill No. HB3411
Bill ID
1457982
State
IL
Title
INVEST IN KIDS-CONTRIBUTIONS
Description
Amends the Invest in Kids Act. Provides that the amount of the credit shall be 100% (currently, 75%) of the total amount of qualified contributions made by the taxpayer during the taxable year. Provides that the annual aggregate credit cap shall be $100,000,000 per calendar year (currently, $75,000,000). Provides that the individual credit cap shall be $1,333,333 per taxpayer (currently, $1,000,000). Removes a limitation preventing contributions from being directed to a particular subset of schools or a particular school. Provides that, in granting scholarships, first priority shall be given to eligible students who received a scholarship from a scholarship granting organization during the previous school year. Contains provisions concerning technical academies.
Bill Type
Bill
Category
Change to Program, Program Expansion, Tax Credit Vouchers
Session
102nd General Assembly
Special Session
No Data Available
Current Status
Introduced
Status Last Updated
2021-02-19
Pending Committee
Calendar
No data available
Sponsors
Texts
Votes
No data available
Amendments
No data available
Supplements
No data available