Illinois General Assembly - Bill Status for SB2999

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Bill Status of SB2999 102nd General Assembly

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Short Description: INVEST IN KIDS-FUNDING

Senate Sponsors
Sen. Cristina Castro

Last Action

Date	Chamber	Action
1/10/2023	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 40/70 new

Synopsis As Introduced
Amends the Invest in Kids Act. Provides that no credits may be awarded under the Act for any taxable year that begins in a State fiscal year for which the minimum statutory funding level is not met. Provides that the carry-forward period for those credits shall be suspended for any taxable year that begins in a State fiscal year for which the minimum statutory funding level is not met. Requires the State Board of Education to determine whether or not the State has met the minimum funding level for the fiscal year and to transmit a copy of the determination to the Department of Revenue. Effective immediately.

Actions

Date	Chamber	Action
1/5/2022	Senate	Filed with Secretary by Sen. Cristina Castro
1/5/2022	Senate	First Reading
1/5/2022	Senate	Referred to Assignments
1/10/2023	Senate	Session Sine Die

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