Bill No. HB4201
Bill ID
2052158
State
IL
Title
SCH CD-FED TAX CREDIT ELECTION
Description
Amends the School Code. Provides that the General Assembly voluntarily elects the State to: (1) participate in the federal tax credit established under the federal One Big Beautiful Bill Act for individuals who make qualified contributions to scholarship granting organizations; and (2) identify scholarship granting organizations located in this State. Authorizes and empowers the State Board of Education to certify and submit a list of qualifying scholarship granting organizations to the Secretary of the Treasury of the United States in accordance with the federal One Big Beautiful Bill Act and its associated regulations. Provides that by January 1, 2027 and by every January 1 thereafter, the State Board shall submit to the Secretary of the Treasury of the United States and publish on the State Board's Internet website a list of all scholarship granting organizations that meet the requirements of the federal One Big Beautiful Bill Act and are located in this State.
Bill Type
Bill
Category
Federal Vouchers Opt In, Tax Credit Vouchers
Session
104th General Assembly
Special Session
No Data Available
Current Status
Introduced
Status Last Updated
2025-11-10
Pending Committee
Calendar
No data available
Sponsors
Texts
Votes
No data available
Amendments
No data available
Supplements
No data available