Bill > SB2717

This bill creates an income tax credit for Illinois taxpayers who are the custodians of children attending an eligible preschool program in the state. The credit is equal to 100% of the eligible expenses incurred by the taxpayer, up to $1,500 per child per year. Eligible expenses include tuition, fees, and necessary school supplies, but exclude any expenses for which the taxpayer claims a federal income tax deduction. The eligible preschool program must be operated by a public school district or other entity and employ at least one teacher with a Professional Educator License and an early childhood education endorsement. The credit can be refunded to the taxpayer if it exceeds their tax liability.