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Illinois Passes its First, Country’s 18th, Tax-Credit Scholarship Program

This this week the Illinois legislature passed legislation creating the country’s 18th tax-credit scholarship program, and the bill is on its way to Gov. Bruce Rauner, who’s said he’ll sign it.
Officially called the Invest in Kids Act, Illinois’ flagship tax-credit scholarship program was passed as part of a compromise school funding bill. (See SB 1947. On the lengthy legislative battles, see here and here.)
Unlike voucher scholarships, which are funded by government appropriations, tax-credit scholarships are privately financed through donations to non-profit scholarship organizations.
The Invest in Kids Act makes students from low- and moderate-income families eligible for scholarships, which are scaled

Read more at The Independent Institute