INVEST IN KIDS-REENACT

HB 3147 reenacts and makes permanent Illinois' Invest in Kids Act, a tax credit program for education scholarships. It allows Illinois taxpayers to claim a credit on their state income tax for contributions to approved scholarship-granting organizations, which then provide funds to cover "necessary costs and fees" for eligible low-income students attending non-public schools. The program targets students from households earning under 300% of the federal poverty level (rising to 400% after receiving a scholarship), with specific focus on career-focused technical academies. The bill permanently extends this tax credit mechanism, which was previously set to expire, and amends tax code provisions to reflect the permanent status.