Illinois would join federal tax credit program for scholarship donations

Illinois would elect to participate in the federal tax credit program for eligible scholarship donations. The program covers individuals who make eligible donations to organizations that award scholarships. Donations and scholarship organizations would have to meet the federal program's rules.

The State Board of Education would send the U.S. Treasury a list of eligible scholarship organizations and publish it online. The list would include all scholarship organizations located in Illinois that meet the federal program's requirements. The board would certify its authority to submit the list and follow federal rules and Treasury guidance. The first list would be due by January 1, 2027, with annual submissions due by January 1 thereafter.