Bill Status of SB4182 102nd General Assembly
Short Description: INVEST IN KIDS-FEDERAL DEDUCT
Sen. Jason A. Barickman - Dale Fowler - Neil Anderson - Jil Tracy, Darren Bailey, Win Stoller, Jason Plummer, Donald P. DeWitte, Dan McConchie and Dave Syverson
| 2/23/2022||Senate||Referred to Assignments|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Invest in Kids Act and the Illinois Income Tax Act. Provides that, for taxable years beginning on or after January 1, 2022, the Invest in Kids credit may be taken for qualified contributions for which the taxpayer claims a federal income tax deduction. Effective immediately.