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IL HB0784
Bill
Status
1/8/2019
Primary Sponsor
Jaime Andrade
Click for details
AI Summary
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Creates a tax checkoff on Illinois income tax forms for taxable years ending on or after December 31, 2017, allowing taxpayers to voluntarily contribute to the Illinois DREAM Fund with a minimum contribution of $1.
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Contributions reduce the taxpayer's refund or increase the amount of payment owed; the checkoff does not apply to amended returns.
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Establishes the Illinois DREAM Fund Commission with 9 members appointed by the Governor to administer the fund, raise funds, and award scholarships to children of immigrants.
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Funds scholarships for students who resided in Illinois while attending high school, graduated from an Illinois high school, attended school in Illinois for at least 3 years, and have at least one parent who immigrated to the United States.
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Amends the Higher Education Student Assistance Act to allow the Illinois DREAM Fund to receive moneys from both private contributions and the income tax checkoff.
Legislative Description
INC TX-DREAM CHECKOFF
Last Action
Session Sine Die
1/8/2019