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 such assistance so furnished to any individual. Effective immediately.

Every action

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

1. Feb 6, 2025SenateFiled with Secretary by Sen. Meg Loughran Cappel
2. Feb 6, 2025SenateFirst Reading
3. Feb 6, 2025CommitteeReferred to Assignments · Senate Assignments
4. Feb 25, 2025CommitteeAssigned to Revenue · Senate Revenue
5. Mar 21, 2025SenateRule 2-10 Committee Deadline Established As April 11, 2025
6. Apr 11, 2025SenateRule 2-10 Committee Deadline Established As May 9, 2025
7. May 9, 2025SenateRule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025
8. May 23, 2025SenateRule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025
9. Jun 2, 2025CommitteeRule 3-9(a) / Re-referred to Assignments · Senate Assignments

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it.

• Meg Loughran CappelD Primary sponsor · District 49