Illinois Senate Bill 2707

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 10 2024 - 25% progression
Action: 2024-03-15 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Income Tax Act. Creates an income tax credit for an individual taxpayer who is a medical professional in a community-based practice who serves without compensation as a preceptor for at least one student from a qualifying institution in Illinois and provides clinical instruction for students from a non-Illinois based program for compensation in the same tax year. Provides that the credit shall be $200 per qualifying student per week, but not to exceed $9,600 per taxpayer in any tax year. Effective immediately.

INC TX-CLINICAL PRECEPTOR

Sen. Dan McConchie [R]

Date	Chamber	Action
2024-03-15	Senate	Rule 3-9(a) / Re-referred to Assignments
2024-01-31	Senate	Assigned to Revenue
2024-01-10	Senate	Referred to Assignments
2024-01-10	Senate	First Reading
2024-01-10	Senate	Filed with Secretary by Sen. Dan McConchie

Chapter	Article	Section	Citation Type	Statute Text
35	5	241	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2707&GAID=17&DocTypeID=SB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/SB/10300SB2707.htm