Illinois HB4201 proposes to allow the state to participate in a federal tax credit for donations to scholarship granting organizations.
HB4201 amends the School Code to authorize Illinois to participate in a federal tax credit for individuals who donate to scholarship granting organizations. The State Board of Education will identify and submit a list of qualifying organizations to the Secretary of the Treasury. This initiative aims to support school choice and alleviate the financial burden for families seeking private education. The bill references the One Big Beautiful Bill Act and the Invest in Kids Act, highlighting the state's past success with tax credit programs.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.