Bill Sponsors: IL HB1257 | 2023-2024 | 103rd General Assembly

Bill Title: Amends the Invest in Kids Act. Provides that, for taxable years beginning on or after January 1, 2023, the credit shall be equal to 100% (rather than 75%) of the total amount of qualified contributions made by the taxpayer during the taxable year, not to exceed a credit of $1,000,000 per taxpayer. Effective immediately.

Spectrum: Moderate Partisan Bill (Republican 6-1)

Status: (Introduced) 2023-10-04 - Added Co-Sponsor Rep. Michael J. Coffey, Jr. [HB1257 Detail]

Text: Latest bill text (Introduced) [HTML]

Sponsors

NameTypeSponsorshipDistrictFinancialEncyclopediaBiography
Representative Joe Sosnowski [R]PrimarySponsored BillsHD-069FollowTheMoneyBallotpediaVoteSmart
Representative Adam Niemerg [R]CosponsorSponsored BillsHD-102FollowTheMoneyBallotpediaVoteSmart
Representative Travis Weaver [R]CosponsorSponsored BillsHD-093FollowTheMoneyBallotpediaVoteSmart
Representative Amy Grant [R]CosponsorSponsored BillsHD-047FollowTheMoneyBallotpediaVoteSmart
Representative Ryan Spain [R]CosponsorSponsored BillsHD-073FollowTheMoneyBallotpediaVoteSmart
Representative Joyce Mason [D]CosponsorSponsored BillsHD-061FollowTheMoneyBallotpediaVoteSmart
Representative Mike Coffey [R]CosponsorSponsored BillsHD-095FollowTheMoneyBallotpediaN/A

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