IL HB3640 | 2013-2014 | 98th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 25-0)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. Creates a credit for an individual taxpayer who is the principal provider of financial aid to an eligible student, other than the eligible student himself or herself, in an amount equal to 25% of the qualified education expenses paid by the taxpayer on behalf of that eligible student during the taxable year, but not to exceed $1,000 in any one taxable year. Provides that the term "eligible student" means a full-time or part-time student enrolled in an accredited institution of higher education in the State. Provides that a taxpayer is not eligible for the credit if the taxpayer's adjusted gross income exceeds $150,000. Provides that the credit is exempt from the Act's automatic sunset provisions. Effective immediately.

Tracking Information

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Title

INC TX-HIGHER EDUCATION

Sponsors


History

DateChamberAction
2014-12-03HouseSession Sine Die
2013-06-25HouseAdded Chief Co-Sponsor Rep. Michael W. Tryon
2013-06-25HouseRemoved Co-Sponsor Rep. Michael W. Tryon
2013-06-19HouseReferred to Rules Committee
2013-06-19HouseFirst Reading
2013-06-14HouseAdded Co-Sponsor Rep. Timothy L. Schmitz
2013-06-14HouseAdded Co-Sponsor Rep. Keith P. Sommer
2013-06-13HouseAdded Co-Sponsor Rep. Charles E. Meier
2013-06-13HouseAdded Co-Sponsor Rep. Chad Hays
2013-06-13HouseAdded Co-Sponsor Rep. Jil Tracy
2013-06-13HouseAdded Co-Sponsor Rep. Raymond Poe
2013-06-12HouseAdded Chief Co-Sponsor Rep. Sandra M. Pihos
2013-06-12HouseChief Co-Sponsor Changed to Rep. Dwight Kay
2013-06-12HouseAdded Chief Co-Sponsor Rep. Dwight Kay
2013-06-12HouseAdded Co-Sponsor Rep. Joe Sosnowski
2013-06-12HouseAdded Co-Sponsor Rep. John M. Cabello
2013-06-12HouseAdded Co-Sponsor Rep. Mike Bost
2013-06-12HouseAdded Co-Sponsor Rep. Josh Harms
2013-06-12HouseAdded Co-Sponsor Rep. Ron Sandack
2013-06-12HouseAdded Co-Sponsor Rep. Darlene J. Senger
2013-06-12HouseAdded Co-Sponsor Rep. Dan Brady
2013-06-12HouseAdded Co-Sponsor Rep. Wayne Rosenthal
2013-06-12HouseAdded Co-Sponsor Rep. Barbara Wheeler
2013-06-12HouseAdded Co-Sponsor Rep. C.D. Davidsmeyer
2013-06-12HouseAdded Co-Sponsor Rep. Kay Hatcher
2013-06-12HouseAdded Co-Sponsor Rep. Bill Mitchell
2013-06-12HouseAdded Co-Sponsor Rep. Robert W. Pritchard
2013-06-12HouseAdded Co-Sponsor Rep. Rich Brauer
2013-06-12HouseAdded Co-Sponsor Rep. Michael W. Tryon
2013-06-12HouseChief Co-Sponsor Rep. Adam Brown
2013-06-12HouseFiled with the Clerk by Rep. Tom Cross

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355201Amended CodeCitation Text

Illinois State Sources


Bill Comments

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