INC TX-STUDENT LOAN REPAYMENT

What it does

The legislature's own summary of the bill, or its official long title.

Amends the Illinois Income Tax Act. Creates an income tax deduction for any amounts paid by the taxpayer's employer on behalf of the taxpayer as part of an educational assistance program. Creates an income tax deduction for any amounts paid by the taxpayer on behalf of an employee of the taxpayer as part of an educational assistance program. Provides that the deductions are limited to the first $5,250 of assistance furnished to any individual. Effective immediately.

Every action

7 steps, oldest first, as the legislature records them.

1. Feb 15, 2023HouseFiled with the Clerk by Rep. Katie Stuart
2. Feb 15, 2023HouseFirst Reading
3. Feb 15, 2023CommitteeReferred to Rules Committee · House Rules
4. Feb 21, 2023CommitteeAssigned to Revenue & Finance Committee · House Revenue & Finance
5. Feb 23, 2023CommitteeTo Revenue-Income Tax Subcommittee · House Income Tax Subcommittee
6. Mar 10, 2023CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules
7. Jan 7, 2025HouseSession Sine Die

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it.

• Katie StuartD Primary sponsor · District 112