Illinois General Assembly - Bill Status for HB1257

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

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

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