Illinois General Assembly - Bill Status for HB4563

Synopsis As Introduced
Amends the Invest in Kids Act. Provides that contributions to a school district foundation are also qualified contributions under the Act. Provides that taxpayers who make contributions to a school district foundation are also eligible for a property tax credit. Provides that the term "contribution" means a donation made by the taxpayer during the taxable year for providing scholarships or support (currently, scholarships only). Contains provisions concerning the calculation of the credit or abatement for contributions to school district foundations and the aggregate amount of the credit and abatement available for those contributions. Amends the School Code. Provides that payments under the evidence-based funding formula shall be reduced by the amount of qualified contributions received by the applicable school district foundation under the Invest in Kids Act. Effective immediately.

Actions

Date	Chamber	Action
2/6/2018	House	Filed with the Clerk by Rep. Peter Breen
2/6/2018	House	First Reading
2/6/2018	House	Referred to Rules Committee
2/6/2018	House	Added Co-Sponsor Rep. Margo McDermed
2/6/2018	House	Added Co-Sponsor Rep. Allen Skillicorn
2/8/2018	House	Added Co-Sponsor Rep. Patricia R. Bellock
2/12/2018	House	Assigned to Revenue & Finance Committee
2/20/2018	House	Added Co-Sponsor Rep. Avery Bourne
3/1/2018	House	To Scholarship Tax Credit Oversight Subcommittee
4/12/2018	House	Motion Filed to Discharge Committee Revenue & Finance Committee; Rep. Peter Breen
4/12/2018	House	Motion Filed to Suspend Rule 21 Revenue & Finance Committee; Rep. Barbara Flynn Currie
4/12/2018	House	Motion to Suspend Rule 21 - Prevailed
4/13/2018	House	Rule 19(a) / Re-referred to Rules Committee
4/18/2018	House	Added Chief Co-Sponsor Rep. Keith R. Wheeler
4/20/2018	House	Added Co-Sponsor Rep. Christine Winger
5/10/2018	House	Motion Withdrawn Rep. Peter Breen
1/8/2019	House	Session Sine Die

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