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WBGZ Radio 4/13/2021 |
By Scot Bertram - Illinois Radio Network
Supporters are rallying to protect Illinois’ tax-credit scholarship program.
Under the “Invest in Kids” program, a state tax credit is available to individuals or businesses for donations made to authorized organizations. Those organizations then use the money to fund tuition scholarships for eligible students to attend a school of their choice.
State Rep. Tom Demmer, R-Dixon, says Gov. J.B. Pritzker has proposed nearly cutting the credit for the “Invest in Kids” program in half, from a 75% to a 40% credit, calling it a corporate loophole that should be closed.
“It s hard to understand how you can describe a tax credit scholarship program for low-income families as a corporate loophole,” Demmer said. “He s trying to lump it in with other items and hide the fact that this is really a program that benefits working class families across Illinois.”
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