Bill Status of HB 1257   103rd General Assembly


Short Description:  INVEST IN KIDS-CREDIT AMOUNT

House Sponsors
Rep. Joe C. Sosnowski-Adam M. Niemerg, Travis Weaver, Amy L. Grant, Ryan Spain, Joyce Mason and Michael J. Coffey, Jr.

Last Action  View All Actions

DateChamber Action
  3/10/2023HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 40/10

Synopsis As Introduced
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.

Actions 
DateChamber Action
  1/18/2023HouseFiled with the Clerk by Rep. Joe C. Sosnowski
  1/19/2023HouseAdded Chief Co-Sponsor Rep. Adam M. Niemerg
  1/19/2023HouseAdded Co-Sponsor Rep. Travis Weaver
  1/31/2023HouseFirst Reading
  1/31/2023HouseReferred to Rules Committee
  2/14/2023HouseAdded Co-Sponsor Rep. Amy L. Grant
  2/28/2023HouseAssigned to Revenue & Finance Committee
  3/3/2023HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Joe C. Sosnowski
  3/3/2023HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/7/2023HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  3/9/2023HouseTo Revenue - Tax Credit and Incentives Subcommittee
  3/10/2023HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
  3/10/2023HouseRule 19(a) / Re-referred to Rules Committee
  5/18/2023HouseAdded Co-Sponsor Rep. Ryan Spain
  10/4/2023HouseAdded Co-Sponsor Rep. Michael J. Coffey, Jr.

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