IllinoisHB1853104th General Assembly (2025–2026)House

TREASURER-HIGHER EDUCATION

Sponsored By: Curtis J. Tarver, II (Democratic)

In Committee

Summary

Amends the State Treasurer Act. Provides that the State Treasurer shall establish and administer the Invest in Illinois Higher Education Program for the purposes of expanding access to higher education through scholarships awarded from the Invest in Illinois Higher Education Fund. Amends the State Finance Act. Creates the Invest in Illinois Higher Education Fund. Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to any donations made by the taxpayer to the Invest in Illinois Higher Education Fund. Effective immediately.

revenue & finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Curtis J. Tarver, II

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Rule 19(a) / Re-referred to Rules Committee

    3/21/2025House
  2. To Tax Credit and Incentives Subcommittee

    3/3/2025House
  3. Assigned to Revenue & Finance Committee

    2/25/2025House
  4. Referred to Rules Committee

    1/29/2025House
  5. First Reading

    1/29/2025House
  6. Filed with the Clerk by Rep. Curtis J. Tarver, II

    1/28/2025House

Bill Text

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