Full Text of HB4276 100th General Assembly
HB4276 100TH GENERAL ASSEMBLY |
| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018 HB4276 Introduced , by Rep. La Shawn K. Ford SYNOPSIS AS INTRODUCED: |
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Amends the Invest in Kids Act. Provides that the term "qualified school" means a non-public school located in Illinois that is registered with the State Board of Education on or before June 30, 2018 or is recognized as a qualified non-public school by the State Board of Education. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| 1 | | AN ACT concerning revenue.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The Invest in Kids Act is amended by changing | 5 | | Section 5 as follows: | 6 | | (35 ILCS 40/5) | 7 | | (Section scheduled to be repealed on January 1, 2024)
| 8 | | Sec. 5. Definitions. As used in this Act: | 9 | | "Authorized contribution" means the contribution amount | 10 | | that is listed on the contribution authorization certificate | 11 | | issued to the taxpayer.
| 12 | | "Board" means the State Board of Education.
| 13 | | "Contribution" means a donation made by the taxpayer during | 14 | | the taxable year for providing scholarships as provided in this | 15 | | Act. | 16 | | "Custodian" means, with respect to eligible students, an | 17 | | Illinois resident who is a parent or legal guardian of the | 18 | | eligible student or students.
| 19 | | "Department" means the Department of Revenue. | 20 | | "Eligible student" means a child who:
| 21 | | (1) is a member of a household whose federal adjusted | 22 | | gross income the year before he or she
initially receives a | 23 | | scholarship under this program, as determined by the |
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| 1 | | Department, does not exceed 300% of the federal poverty
| 2 | | level and, once the child receives a scholarship, does not | 3 | | exceed 400% of the federal poverty
level;
| 4 | | (2) is eligible to attend a public elementary school or | 5 | | high school in Illinois in the semester immediately | 6 | | preceding the semester for which he or she first receives a | 7 | | scholarship or is
starting school in Illinois for the first | 8 | | time when he or she first receives a scholarship; and
| 9 | | (3) resides in Illinois while receiving a scholarship. | 10 | | "Family member" means a parent, child, or sibling, whether | 11 | | by whole blood, half blood, or adoption; spouse; or stepchild. | 12 | | "Focus district" means a school district which has a school | 13 | | that is either (i) a school that has one or more subgroups in | 14 | | which the average student performance is at or below the State | 15 | | average for the lowest 10% of student performance in that | 16 | | subgroup or (ii) a school with an average graduation rate of | 17 | | less than 60% and not identified for priority.
| 18 | | "Necessary costs and fees" includes the customary charge | 19 | | for instruction and use of facilities in general
and the | 20 | | additional fixed fees charged for specified purposes that are | 21 | | required generally of non-scholarship recipients for each | 22 | | academic period for which the scholarship applicant actually | 23 | | enrolls, including costs associated with student assessments, | 24 | | but does not
include fees payable only once and other | 25 | | contingent deposits that are refundable in whole or in part. | 26 | | The Board may prescribe, by rules consistent with this Act, |
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| 1 | | detailed provisions concerning the computation of necessary | 2 | | costs and fees.
| 3 | | "Scholarship granting organization" means an entity that:
| 4 | | (1) is exempt from taxation under Section 501(c)(3) of | 5 | | the Internal Revenue Code;
| 6 | | (2) uses at least 95% of the qualified contributions | 7 | | received during a taxable year for scholarships;
| 8 | | (3) provides scholarships to students according to the | 9 | | guidelines of this Act;
| 10 | | (4) deposits and holds qualified contributions and any | 11 | | income derived from qualified contributions
in an account | 12 | | that is separate from the organization's operating fund or | 13 | | other funds until such qualified contributions or income | 14 | | are withdrawn for use; and
| 15 | | (5) is approved to issue certificates of receipt.
| 16 | | "Qualified contribution" means the authorized contribution | 17 | | made by a taxpayer to a scholarship granting organization for | 18 | | which the taxpayer has received a certificate of receipt from | 19 | | such organization.
| 20 | | "Qualified school" means a non-public school located in | 21 | | Illinois that is registered with the Board on or before June | 22 | | 30, 2018 or is and recognized by the Board pursuant to Section | 23 | | 2-3.25o of the School Code.
| 24 | | "Scholarship" means an educational scholarship awarded to | 25 | | an eligible student to attend a qualified school
of their | 26 | | custodians' choice in an amount not exceeding the necessary |
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| 1 | | costs and fees to attend that school.
| 2 | | "Taxpayer" means any individual, corporation, partnership, | 3 | | trust, or other entity subject to the Illinois income tax. For | 4 | | the purposes of this Act, 2 individuals filing a joint return | 5 | | shall be considered one taxpayer.
| 6 | | (Source: P.A. 100-465, eff. 8-31-17.)
| 7 | | Section 99. Effective date. This Act takes effect upon | 8 | | becoming law.
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