Bill Title: Amends the Illinois Income Tax Act. Creates a deduction for an amount equal to the amount included in the taxpayer's federal adjusted gross income that is attributable to student loan repayment assistance received by the taxpayer during the taxable year from a qualified community foundation if the taxpayer is a qualified worker. Effective immediately.

Spectrum: Strong Partisan Bill (Democrat 12-1)

Status: (Introduced) 2024-05-09 - Added as Co-Sponsor Sen. Natalie Toro [SB3273 Detail]

Text: Latest bill text (Introduced) [HTML]

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