HB 4563

  • Illinois House Bill
  • 100th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Invest Kids-Scholarship Orgs

Abstract

Amends the Invest in Kids Act. Provides that contributions to a school district foundation are also qualified contributions under the Act. Provides that taxpayers who make contributions to a school district foundation are also eligible for a property tax credit. Provides that the term "contribution" means a donation made by the taxpayer during the taxable year for providing scholarships or support (currently, scholarships only). Contains provisions concerning the calculation of the credit or abatement for contributions to school district foundations and the aggregate amount of the credit and abatement available for those contributions. Amends the School Code. Provides that payments under the evidence-based funding formula shall be reduced by the amount of qualified contributions received by the applicable school district foundation under the Invest in Kids Act. Effective immediately.

Bill Sponsors (1)

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Jan 08, 2019

House

Session Sine Die

May 10, 2018

House

Motion Withdrawn Rep. Peter Breen

Apr 20, 2018

House

Added Co-Sponsor Rep. Christine Winger

Apr 18, 2018

House

Added Chief Co-Sponsor Rep. Keith R. Wheeler

Apr 13, 2018

House

Rule 19(a) / Re-referred to Rules Committee

Apr 12, 2018

House

Motion Filed to Suspend Rule 21 Revenue & Finance Committee; Rep. Barbara Flynn Currie

House

Motion to Suspend Rule 21 - Prevailed

House

Motion Filed to Discharge Committee Revenue & Finance Committee; Rep. Peter Breen

Mar 01, 2018

House

To Scholarship Tax Credit Oversight Subcommittee

Feb 20, 2018

House

Added Co-Sponsor Rep. Avery Bourne

Feb 12, 2018

House

Assigned to Revenue & Finance Committee

Feb 08, 2018

House

Added Co-Sponsor Rep. Patricia R. Bellock

Feb 06, 2018

House

Referred to Rules Committee

House

Filed with the Clerk by Rep. Peter Breen

House

First Reading

House

Added Co-Sponsor Rep. Allen Skillicorn

House

Added Co-Sponsor Rep. Margo McDermed

Bill Text

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Sources

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