HB1257 - INVEST IN KIDS-CREDIT AMOUNT
Illinois - 103rd General Assembly
Introduced byJoe C. Sosnowski, Adam M. Niemerg, Travis Weaver
Last updated over 1 year ago
7 Co-Sponsors
Amends the Invest in Kids Act. Provides that, for taxable years beginning on or after January 1, 2023, the credit shall be equal to 100% (rather than 75%) of the total amount of qualified contributions made by the taxpayer during the taxable year, not to exceed a credit of $1,000,000 per taxpayer. Effective immediately.
STATUS
Introduced
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