Illinois Code | Chapter 35 Article 40 Section 10

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ILHB4194Intro
25%
Amends the Invest in Kids Act. Provides that a taxpayer may take a credit under the Act for tax years ending before January 1, 2029 (currently January 1, 2024). Provides that, beginning in calendar year 2024, the aggregate amount of credits the Depar...
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2023-10-25
To House Rules Committee
ILSB2149Intro
25%
Amends the Invest in Kids Act. Provides that the Invest in Kids credit applies on a permanent basis. Removes a limitation that the credit may not be taken for any qualified contribution for which the taxpayer claims a federal income tax deduction. Am...
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2023-10-16
To Senate Assignments Committee
ILHB1257Intro
25%
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, no...
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2023-10-04
To House Rules Committee
ILHB1642Intro
25%
Amends the Invest in Kids Act. Provides that the credit shall be equal to 100% (rather than 75%) of the total amount of qualified contributions made by the taxpayer during a taxable year, not to exceed a credit of $1,333,333 (rather than $1,000,000) ...
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2023-05-18
To House Rules Committee
ILSB0225Intro
25%
Amends the Invest in Kids Act. Provides that qualified contributions made on or after June 1, 2024 may be used only to provide scholarships to eligible students who attend a technical academy.
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2023-01-31
To Senate Assignments Committee
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