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IL HB0784

Bill

Status

Failed

1/8/2019

Primary Sponsor

Jaime Andrade

Click for details

Origin

House of Representatives

100th General Assembly

AI Summary

  • 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.

  • Contributions reduce the taxpayer's refund or increase the amount of payment owed; the checkoff does not apply to amended returns.

  • 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.

  • 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.

  • 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

Committee Referrals

Rules3/31/2017
Income Tax2/24/2017
Revenue & Finance2/8/2017
Rules1/27/2017

Full Bill Text

No bill text available