IL HB3537

Extends the Invest in Kids tax credit program from expiring January 1, 2024 to January 1, 2034 for taxpayers claiming the credit.

Modifies the Illinois Income Tax Act Section 224 to allow the Invest in Kids credit for taxable years ending before January 1, 2034 instead of January 1, 2024.

Updates the Invest in Kids Act Section 40 to extend scholarship granting organization requirements through the 2032-2033 school year (previously 2022-2023).

Changes Section 65 of the Invest in Kids Act to repeal the entire act on January 1, 2035 instead of January 1, 2025, with tax credits available through taxable years ending before January 1, 2034.

Takes effect immediately upon becoming law.