Reenacts and makes permanent the Invest in Kids Act, providing tax credits for contributions to scholarship granting organizations.

The bill reenacts the Invest in Kids Act, making it permanent. It provides tax credits for contributions to scholarship granting organizations that award scholarships to eligible students attending qualified schools in Illinois. The bill outlines the responsibilities of scholarship granting organizations, including maintaining records, issuing certificates of receipt, and reporting to the Department of Revenue. It also details the requirements for qualified schools and the State Board of Education, including the assessment of students and the reporting of student data.

Reenacts and makes permanent the Invest in Kids Act, providing tax credits for contributions to scholarship granting organizations.

The bill reenacts the Invest in Kids Act, making it permanent. It provides tax credits for contributions to scholarship granting organizations that award scholarships to eligible students attending qualified schools in Illinois. The bill outlines the responsibilities of scholarship granting organizations, including maintaining records, issuing certificates of receipt, and reporting to the Department of Revenue. It also details the requirements for qualified schools and the State Board of Education, including the assessment of students and the reporting of student data.