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IL SB3793

Bill

Official Source

Status

Introduced

2/5/2026

Primary Sponsor

Jil Tracy

Click for details

Origin

Senate

104th General Assembly

AI Summary

  • Reenacts the Invest in Kids Act, which was scheduled to expire January 1, 2025, and makes the program permanent by removing the sunset date
  • Provides a 75% state income tax credit for contributions to scholarship granting organizations, capped at $1,000,000 per taxpayer and $75,000,000 annually statewide
  • Funds scholarships for eligible students from households with income up to 300% of federal poverty level (400% for continuing students) to attend recognized non-public schools in Illinois
  • Requires scholarship granting organizations to use at least 95% of qualified contributions for scholarships and maintain 501(c)(3) tax-exempt status
  • Amends the Illinois Income Tax Act to make conforming changes supporting the reenacted scholarship tax credit program

Legislative Description

INVEST IN KIDS-REENACT

Last Action

Added as Co-Sponsor Sen. Donald P. DeWitte

3/10/2026

Committee Referrals

Assignments2/5/2026

Full Bill Text

No bill text available