Date	Chamber	Action
1/31/2023	Senate	Referred to Assignments

Statutes Amended In Order of Appearance

35 ILCS 40/70 new

Synopsis As Introduced
Amends the Invest in Kids Act. Provides that no credits may be awarded under the Act for any taxable year that begins in a State fiscal year for which the minimum statutory funding level is not met. Provides that the carry-forward period for those credits shall be suspended for any taxable year that begins in a State fiscal year for which the minimum statutory funding level is not met. Requires the State Board of Education to determine whether or not the State has met the minimum funding level for the fiscal year and to transmit a copy of the determination to the Department of Revenue. Effective immediately.

Actions 

Date	Chamber	Action
1/31/2023	Senate	Filed with Secretary by Sen. Cristina Castro
1/31/2023	Senate	First Reading
1/31/2023	Senate	Referred to Assignments
1/31/2023	Senate	Added as Chief Co-Sponsor Sen. Linda Holmes

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