INC TX-HIGHER EDUCATION CREDIT

What it does

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

Amends the Illinois Income Tax Act. Creates a deduction for any amount included in the taxpayer's federal adjusted gross income as a result of discharge of student loan indebtedness. Creates an income tax credit for qualified higher education expenses incurred during the taxable year by or on behalf of a qualifying public university student or community college student. Creates an income tax credit for qualified higher education expenses incurred during the taxable year by the parent or guardian of a qualified apprentice, trade, or vocational student. Effective immediately.

Every action

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

1. Feb 8, 2024HouseFiled with the Clerk by Rep. Jay Hoffman
2. Feb 8, 2024HouseAdded Chief Co-Sponsor Rep. Michael J. Coffey, Jr.
3. Feb 9, 2024HouseFirst Reading
4. Feb 9, 2024CommitteeReferred to Rules Committee · House Rules
5. Feb 28, 2024CommitteeAssigned to Revenue & Finance Committee · House Revenue & Finance
6. Mar 8, 2024CommitteeTo Revenue-Income Tax Subcommittee · House Income Tax Subcommittee
7. Apr 5, 2024CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules
8. Jan 7, 2025HouseSession Sine Die

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 1 cosponsor: 1 Republican.

• Jay HoffmanD Primary sponsor · District 113