IL HB3910

Creates a tax credit for Illinois taxpayers who pay fees or make cash contributions to public schools for specified purposes, effective for taxable years beginning January 1, 2024.

Eligible purposes include standardized testing for college credit, career and technical assessment costs, test preparation materials, CPR training, extracurricular activity costs (uniforms, equipment, school trips), character education programs, community meal programs, student health supplies, and playground equipment.

Credit limits are $200 per year for individual taxpayers or heads of household, and $400 for married couples filing jointly; spouses filing separately each receive $200.

Excess credits exceeding the taxpayer's tax liability can be carried forward and applied to the next 5 taxable years, applied to the earliest year with remaining tax liability.

Public schools receiving qualifying fees or contributions must report to the State Board of Education by February 28 annually, including total payments received, amounts spent, and spending breakdown by category.