Illinois General Assembly - Bill Status for HB0318
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 Bill Status of HB0318  102nd General Assembly


Short Description:  INC TX-CHARITABLE CONTRIBUTION

House Sponsors
Rep. Jonathan Carroll

Last Action
DateChamber Action
  1/10/2023HouseSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 105/5.935 new
30 ILCS 105/6z-114 new
35 ILCS 5/232 new
55 ILCS 5/5-1005from Ch. 34, par. 5-1005


Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to the contributions made by the taxpayer to the Illinois Education Excellence Fund during the taxable year. Amends the State Finance Act. Creates the Illinois Education Excellence Fund. Provides that moneys in the Fund shall be used for public education purposes. Amends the Counties Code. Provides that the county board may establish a fund in the county treasury to accept contributions for public purposes. Provides that the county may provide for a credit against the taxpayer's property tax liability in an amount equal to the amount of the contribution. Effective immediately.

Actions 
DateChamber Action
  1/27/2021HouseFiled with the Clerk by Rep. Jonathan Carroll
  1/29/2021HouseFirst Reading
  1/29/2021HouseReferred to Rules Committee
  3/2/2021HouseAssigned to Revenue & Finance Committee
  3/11/2021HouseTo Income Tax Subcommittee
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2023HouseSession Sine Die

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