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]

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.

Tracking Information

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Title

INC TX-STUDENT LOAN REPAYMENT

Sponsors


History

DateChamberAction
2023-03-10HouseRule 19(a) / Re-referred to Rules Committee
2023-02-23HouseTo Revenue-Income Tax Subcommittee
2023-02-21HouseAssigned to Revenue & Finance Committee
2023-02-15HouseReferred to Rules Committee
2023-02-15HouseFirst Reading
2023-02-15HouseFiled with the Clerk by Rep. Katie Stuart

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355203Amended CodeCitation Text

Illinois State Sources


Bill Comments

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