HB 1853

Illinois House of Representatives bill in Session 104.

Status: in_committee. Latest action: March 21, 2025.

TREASURER-HIGHER EDUCATION.

Bill ID IL-104-HB-1853
Session 104
Status in_committee
Committee Rules Committee
House of Representatives in_committee 2025-03-21
Education Tax / Budget / Appropriations
Summary

Amends the State Treasurer Act. Provides that the State Treasurer shall establish and administer the Invest in Illinois Higher Education Program for the purposes of expanding access to higher education through scholarships awarded from the Invest in Illinois Higher Education Fund. Amends the State Finance Act. Creates the Invest in Illinois Higher Education Fund. Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to any donations made by the taxpayer to the Invest in Illinois Higher Education Fund. Effective immediately.

Sponsor
Curtis J. Tarver, II
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-01-29 Introduced Bill introduced
2025-03-21 Status in_committee
2025-03-21 Latest Action 3/21/2025 - House:
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