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Creates the Reinvest in Future Technical Careers Act. Provides that the Department of Revenue shall award income tax credits to taxpayers who make authorized contributions to scholarship granting organizations for the purpose of awarding scholarships to eligible students who attend technical academies. Sets forth limitations with respect to the aggregate amount of credits awarded by the Department of Revenue under the program in a calendar year and the amount of credits awarded to an individual taxpayer. Amends the Illinois Income Tax Act to make conforming changes.
Introduced
Jan 28, 2025
Last Action
Mar 13, 2025
Session
IL 104th
Sponsors
1 primary · 12 co
Added Co-Sponsor Rep. Jennifer Sanalitro
Added Co-Sponsor Rep. Kevin Schmidt
Added Chief Co-Sponsor Rep. Martin J. Moylan
Added Chief Co-Sponsor Rep. Brad Stephens
Added Chief Co-Sponsor Rep. Lawrence "Larry" Walsh, Jr.
Chief Co-Sponsor Changed to Rep. Martin J. Moylan
Added Co-Sponsor Rep. Patrick Windhorst
Added Co-Sponsor Rep. Amy Elik
Added Co-Sponsor Rep. Jackie Haas
Added Chief Co-Sponsor Rep. Jay Hoffman
Added Co-Sponsor Rep. Harry Benton
Added Co-Sponsor Rep. Tony M. McCombie
Added Co-Sponsor Rep. Nicole La Ha
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Michael J. Coffey, Jr.
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Added Co-Sponsor Rep. Jennifer Sanalitro
Michael J. Coffey, Jr.
Lawrence "Larry" Walsh, Jr.
Martin J. Moylan
Tony M. McCombie