Bill Title: 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.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced) 2023-01-31 - Added as Chief Co-Sponsor Sen. Linda Holmes [SB0223 Detail]

---

Bill Drafts

Revision	Date	Format	Source	View
Introduced	2023-01-31	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB0223

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB0223 currently on file.

Social Comments on IL SB0223