DISPLACED STUDENT VOUCHER ACT Senate SponsorsSen. William E. Brady 1/13/2015SenateSession Sine Die New Act35 ILCS 5/203from Ch. 120, par. 2-203105 ILCS 5/18-8.05Creates the Displaced Student Voucher Act and amends the Illinois Income Tax Act and the State aid formula provisions of the School Code. Establishes the Displaced Student Voucher Program, a pilot program that shall expire on June 20, 2023. Provides that under the program, the custodian of a Chicago school district pupil who would be attending a specified closed school if the school had not been closed is entitled to a voucher to pay for qualified education expenses at a participating Chicago nonpublic school. Requires the principal of each school in the Chicago school district to notify custodians of qualifying pupils of the availability of vouchers. Sets forth provisions concerning a request for a voucher, the issuance and payment of a voucher, the amount and renewal of a voucher, pupil assessment, the State longitudinal data system, and funding. Provides that students receiving vouchers are considered nonpublic school students who have been voluntarily placed in a private setting. Provides that the amount of a redeemed voucher shall not be considered base income and shall not be taxable for Illinois income tax purposes. Requires the State Board of Education to submit a report to the General Assembly. Provides criminal penalties for certain violations. Requires the State Board to adopt rules to implement the Act. Effective immediately. 10/9/2013SenateFiled with Secretary by Sen. William E. Brady 10/9/2013SenateFirst Reading 10/9/2013SenateReferred to Assignments 3/13/2014SenateAssigned to Education 3/20/2014SenateTo Subcommittee on Special Issues (ED) 3/28/2014SenateRule 3-9(a) / Re-referred to Assignments 1/13/2015SenateSession Sine Die