Invest In Kids Scholarship https://illinoisfamilyaction.org Tue, 23 May 2023 14:42:02 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://illinoisfamilyaction.org/wp-content/uploads/2020/06/cropped-download-32x32.jpg Invest In Kids Scholarship https://illinoisfamilyaction.org 32 32 76203252 Will Illinois Lose the Invest In Kids Scholarship Tax Credit Program? https://illinoisfamilyaction.org/2023/05/will-illinois-lose-the-invest-in-kids-scholarship-tax-credit-program/ Tue, 23 May 2023 13:00:35 +0000 https://staging.illinoisfamilyaction.org/?p=23677 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

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