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IL HB1450
Bill
Status
1/21/2025
Primary Sponsor
Janet Yang Rohr
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AI Summary
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Creates the Illinois Graduate and Retain Our Workforce (iGROW) Tech Scholarship Fund as a special fund in the State treasury
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Establishes an income tax checkoff allowing taxpayers to make voluntary contributions of at least $1 to the fund, which will reduce their refund or increase their payment due
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Directs the Illinois Student Assistance Commission to use fund moneys for awarding iGROW Tech scholarships under the Higher Education Student Assistance Act
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Requires the Department of Revenue to include the checkoff option on standard individual income tax forms for taxable years ending on or after December 31, 2025
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Takes effect immediately upon becoming law
Legislative Description
INC TX-IGROW CHECKOFF
Last Action
Rule 19(a) / Re-referred to Rules Committee
3/21/2025