IL HB2568 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 15 2023 - 25% progression
Action: 2023-03-10 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 15 2023 - 25% progression
Action: 2023-03-10 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
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 assistance furnished to any individual. Effective immediately.
Title
INC TX-STUDENT LOAN REPAYMENT
Sponsors
History
Date | Chamber | Action |
---|---|---|
2023-03-10 | House | Rule 19(a) / Re-referred to Rules Committee |
2023-02-23 | House | To Revenue-Income Tax Subcommittee |
2023-02-21 | House | Assigned to Revenue & Finance Committee |
2023-02-15 | House | Referred to Rules Committee |
2023-02-15 | House | First Reading |
2023-02-15 | House | Filed with the Clerk by Rep. Katie Stuart |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
35 | 5 | 203 | Amended Code | Citation Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2568&GAID=17&DocTypeID=HB&SessionID=112&GA=103 |
Text | https://www.ilga.gov/legislation/103/HB/10300HB2568.htm |