As mentioned earlier, the Illinois law disproportionately redirects state tax dollars to subsidize private schooling for more affluent taxpayers. The following two tables outline the fiscal impact of the law in each of its first two years:
| Table 1: Fiscal Impact of Illinois Education Tax Credit, 2000 (filed in 2001) | ||
| Adjusted Gross Income | Total Cost | Number of Taxpayers Taking the Credit |
| Below $20,000 | $1,777,291 | 9,402 |
| $20,000-$40,000 | $8,478,316 | 25,282 |
| $40,000-$60,000 | $10,854,014 | 30,032 |
| $60,000-$80,000 | $11,933,038 | 31,523 |
| Above $80,000 | $28,190,366 | 69,542 |
| Totals: | $61,233,025 | 165,781 |
Source: Illinois Department of Revenue and Research, June 2002. (Adjusted gross income is the figure reported on state income tax returns.)
| Table 2: Fiscal Impact of Illinois Education Tax Credit, 2001 (filed in 2002) | ||
| Adjusted Gross Income | Total Cost | Number of Taxpayers Taking the Credit |
| Below $20,000 | $1,916,986 | 10,663 |
| $20,000-$40,000 | $9,381,218 | 28,711 |
| $40,000-$60,000 | $11,668,123 | 32,947 |
| $60,000-$80,000 | $12,770,544 | 34,656 |
| Above $80,000 | $32,707,135 | 82,078 |
| Totals: | $68,444,006 | 189,055 |
Source: Illinois Department of Revenue and Research, February 2003.
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