Illinois General Assembly - Bill Status for SB4181
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 Bill Status of SB4181  102nd General Assembly

Short Description:  INVEST IN KIDS-VARIOUS

Senate Sponsors
Sen. Jil Tracy - Dale Fowler - Neil Anderson, Darren Bailey, Win Stoller, Jason Plummer, Jason A. Barickman, Donald P. DeWitte, Steve McClure, Brian W. Stewart, Craig Wilcox, Dan McConchie, Dave Syverson, Sue Rezin and Sally J. Turner

Last Action
DateChamber Action
  1/10/2023SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/224
35 ILCS 40/40
35 ILCS 40/65

Synopsis As Introduced
Amends the Illinois Income Tax Act and the Invest in Kids Act. Provides that the Invest in Kids credit applies permanently (currently, the credit applies for taxable years ending before January 1, 2023). Makes a formatting change to create a first priority group for eligible students who received a scholarship from a scholarship granting organization during the previous school year. Provides that qualified schools may establish a maximum scholarship amount, which may not exceed the necessary costs and fees for attendance at the qualified school. Provides that the qualified school shall notify the scholarship granting organization of its necessary costs and fees as well as any maximum scholarship amount set by the school. Effective immediately.

DateChamber Action
  2/23/2022SenateFiled with Secretary by Sen. Jil Tracy
  2/23/2022SenateFirst Reading
  2/23/2022SenateReferred to Assignments
  2/25/2022SenateAdded as Co-Sponsor Sen. Darren Bailey
  2/25/2022SenateAdded as Chief Co-Sponsor Sen. Dale Fowler
  2/25/2022SenateAdded as Chief Co-Sponsor Sen. Neil Anderson
  2/25/2022SenateAdded as Co-Sponsor Sen. Win Stoller
  2/25/2022SenateAdded as Co-Sponsor Sen. Jason Plummer
  2/25/2022SenateAdded as Co-Sponsor Sen. Jason A. Barickman
  2/25/2022SenateAdded as Co-Sponsor Sen. Donald P. DeWitte
  3/1/2022SenateAdded as Co-Sponsor Sen. Steve McClure
  3/1/2022SenateAdded as Co-Sponsor Sen. Brian W. Stewart
  3/1/2022SenateAdded as Co-Sponsor Sen. Craig Wilcox
  3/2/2022SenateAdded as Co-Sponsor Sen. Dan McConchie
  3/3/2022SenateAdded as Co-Sponsor Sen. Dave Syverson
  3/9/2022SenateAdded as Co-Sponsor Sen. Sue Rezin
  3/10/2022SenateAdded as Co-Sponsor Sen. Sally J. Turner
  1/10/2023SenateSession Sine Die

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