<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 1257         </title>
<shortdesc>INVEST IN KIDS-CREDIT AMOUNT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Joe C. Sosnowski-Adam M. Niemerg, Travis Weaver, Amy L. Grant, Ryan Spain, Joyce Mason and Michael J. Coffey, Jr.</sponsors>
</sponsor>
<lastaction>
<statusdate>1/7/2025</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 40/10</reference><aliasreference></aliasreference><SynopsisText>     Amends the Invest in Kids Act. Provides that, for taxable years beginning on or after January 1, 2023, the credit shall be equal to 100% (rather than 75%) of the total amount of qualified contributions made by the taxpayer during the taxable year, not to exceed a credit of $1,000,000 per taxpayer. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/18/2023</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Joe C. Sosnowski</action>
<statusdate>1/19/2023</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Adam M. Niemerg</action>
<statusdate>1/19/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Travis Weaver</action>
<statusdate>1/31/2023</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/31/2023</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/14/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Amy L. Grant</action>
<statusdate>2/28/2023</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/3/2023</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Filed with Clerk by Rep. Joe C. Sosnowski</action>
<statusdate>3/3/2023</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Referred to Rules Committee</action>
<statusdate>3/7/2023</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rules Refers to Revenue &amp; Finance Committee</action>
<statusdate>3/9/2023</statusdate><chamber>House</chamber><action>To Revenue - Tax Credit and Incentives Subcommittee</action>
<statusdate>3/10/2023</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee</action>
<statusdate>3/10/2023</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>5/18/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Ryan Spain</action>
<statusdate>10/4/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Michael J. Coffey, Jr.</action>
<statusdate>1/7/2025</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

