INC TAX-STUDENT LOAN

What it does

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

Amends the Illinois Income Tax Act. Provides that a taxpayer who (i) has an associate degree, a bachelor's degree, or a graduate degree from an institution of higher education accredited by the U.S. Department of Education and (ii) has annual student loan repayment expenses is eligible for an income tax credit equal to the taxpayer's student loan repayment expenses for the taxable year, but not to exceed a maximum credit limit. Effective immediately.

Every action

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

1. Feb 16, 2023HouseFiled with the Clerk by Rep. Mark L. Walker
2. Feb 16, 2023HouseFirst Reading
3. Feb 16, 2023CommitteeReferred to Rules Committee · House Rules
4. Feb 28, 2023CommitteeAssigned to Revenue & Finance Committee · House Revenue & Finance
5. Mar 9, 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.

• Mark L. WalkerD Primary sponsor · District 27