[texas booster]

So in Illinois donations to certain state approved education and scholarship foundations are deductible from the tax liability, not just listed as a general business expense?

Wow, that would sure change the equation for education in a heartbeat.

Imagine if Sears made a multimillion dollar gift to education and wiped out their tax bill for 2007!

I’d love to see the rats in Springfield race to change that law once they realized that it cost them budget dollars to spend!

[wintertime]

States that have tax credits have a limit on how much a business or individual can donate and write off.