HB1853 - 104th General Assembly (2025-2026)
TREASURER-HIGHER EDUCATION
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
Statutes Amended In Order of Appearance
Synopsis As Introduced
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.
Actions
| Date | Chamber | Action |
|---|---|---|
| 1/28/2025 | House | Filed with the Clerk by Rep. Curtis J. Tarver, II |
| 1/29/2025 | House | First Reading |
| 1/29/2025 | House | Referred to Rules Committee |
| 2/25/2025 | House | Assigned to Revenue & Finance Committee |
| 3/03/2025 | House | To Tax Credit and Incentives Subcommittee |
| 3/21/2025 | House | Rule 19(a) / Re-referred to Rules Committee |