Will Illinois Lose the Invest In Kids Scholarship Tax Credit Program?
Written by Calvin Lindstrom
Illinois enacted the Invest In Kids Scholarship Tax Credit Program in 2017. This program offers a 75 percent income tax credit to individuals and businesses that contribute to qualified Scholarship Granting Organizations (SGOs). The SGOs then provide scholarships for students whose families meet the income requirements to attend qualified, non-public schools in Illinois.
It is a carefully regulated process, but it works.
The total amount of tax credit that could be granted per year was $75 million dollars.… Continue Reading
Tags: Chicago Morning Answer, Chicago Tribune, Dan Proft, Empower Illinois, Invest In Kids Scholarship, Remove term: Illinois State Board of Education Illinois State Board of Education, Scholarship Granting Organizations
Education, Illinois Politics | David E. Smith | 
May 23, 2023 8:00 AM | 
Comments Off on Will Illinois Lose the Invest In Kids Scholarship Tax Credit Program?
