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HB 1729

Illinois - Session 104

House of Representatives in_committee 2025-01-28
Bill Details

Title: INC TX-TECHNICAL CAREERS

Summary

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.

Sponsor
Michael J. Coffey, Jr.
Official Source Back to Bills
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Actions Timeline
Date Event Detail
2025-01-28 Introduced Bill introduced
2025-01-28 Status in_committee
2025-01-28 Latest Action 1/28/2025 - House:
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