VIDEO: Rep. Reick Argues Against HB 4237, Calls the Bill “Sham Transaction”

On Wednesday, members of the House of Representatives approved HB 4237, which proposes to offer taxpayers an opportunity to receive a tax incentive in exchange for making a charitable contribution toward public education in Illinois. The sponsor called his bill an Illinois workaround for recent changes to federal tax law which limit tax deductions, but State Representative Steve Reick (R-Woodstock), a tax attorney for 35 years, spoke against the bill, claiming it would not withstand IRS muster. Click the image above to watch Reick’s floor debate.