News – Friday, December 13, 2024
FY 2025-14, The Illinois Gives Tax Credit Act
Effective for tax years ending on or after December 31, 2025, the Illinois Gives Tax Credit Act creates an income tax credit for taxpayers who make a qualified contribution to a permanent endowment fund during the taxable year.
For more information, see FY 2025-14, The Illinois Gives Tax Credit Act.