Illinois HB4201 proposes to participate in a federal tax credit for donations to scholarship granting organizations.
HB4201 aims to support school choice in Illinois by allowing the state to participate in the federal tax credit for donations to scholarship granting organizations. This credit, established under the federal One Big Beautiful Bill Act, provides up to $1,700 for individuals who donate to these organizations, which help families pay for their children's education. The bill also tasks the State Board of Education with identifying and certifying scholarship granting organizations in Illinois. The General Assembly voluntarily elects the state to participate in this federal tax credit program.
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