HB 1257 Illinois House · 103rd Regular Session

INVEST IN KIDS-CREDIT AMOUNT

Summary

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.

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2023

Committee Review

Floor Vote

Governor

Introduced Jan 18, 2023 Last action Oct 4, 2023

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Mar 10, 2023

Committee

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

lower

Mar 10, 2023

Committee

House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee

lower

Mar 9, 2023

Lower · Passed

To Revenue - Tax Credit and Incentives Subcommittee

lower

Mar 7, 2023

Lower · Passed

House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee

lower

Mar 3, 2023

Committee

House Committee Amendment No. 1 Referred to Rules Committee

lower

Mar 3, 2023

Introduced

House Committee Amendment No. 1 Filed with Clerk by Rep. Joe C. Sosnowski

lower

Feb 28, 2023

Committee

Assigned to Revenue & Finance Committee

lower

Jan 31, 2023

Committee

Referred to Rules Committee

lower

1 primary · 5 co-sponsors