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HB 1729

Illinois House of Representatives bill in Session 104.

Status: in_committee. Latest action: January 28, 2025.

INC TX-TECHNICAL CAREERS.

Bill ID IL-104-HB-1729
Session 104
Status in_committee
House of Representatives in_committee 2025-01-28
Education Tax / Budget / Appropriations
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
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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