Illinois Tax Credit Information
Illinois Tax Credit Scholarship Program
In August 2017, with bipartisan support, the House and Senate passed a comprehensive education funding bill that was signed into law by the governor. The law includes a provision for tax credit scholarships, which provide strong incentives for donors to support non-public school scholarships for low-income students in the state. Illinois students from low-income families may use these new scholarships to attend a non-public school of their choice.
This legislation represents a major step forward that will help create more equity in school funding throughout Illinois, and for the first time provide real school choice for students and their families.
What is a Tax Credit Scholarship Program?A Tax Credit Scholarship Program allows taxpayers – individuals, corporations, partnerships or trusts – to donate to Scholarship Granting Organizations (SGO) and receive a credit on their state taxes in return. Currently, there are two SGOs, Empower Illinois and Big Shoulders Fund. Big Shoulders and Empower Illinois will then use the donations to grant scholarships to qualifying students to attend a qualifying nonpublic school. However, we are asking donors to designate St. Joseph High School when submitting your application for donation to the State of Illinois. This insures that your tax credit donation will provide financial assistance to a St. Joseph High School student.
Who is eligible to receive a scholarship?
Current St. Joseph and incoming students from families with limited financial resources are eligible to receive a tax credit scholarship. See "Tax Credit Info for Applicants" section for more specific information on eligibility.
Who can support the Tax Credit Scholarship Program?Corporate and individual St. Joseph High School donors as well as incoming and current families are eligible to participate in this new program from the State of Illinois and support St. Joseph High School by selecting the proper designations on their applications.
- Corporate donors will need to designate Region I, of which St. Joseph High School is a member, on their application form.
- Individual donors will need to designate St. Joseph High School/Region I on their application form.