Illinois House Bill 5210

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Spectrum: Bipartisan Bill
Status: Introduced on February 8 2024 - 25% progression
Action: 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Income Tax Act. Creates a deduction for any amount included in the taxpayer's federal adjusted gross income as a result of discharge of student loan indebtedness. Creates an income tax credit for qualified higher education expenses incurred during the taxable year by or on behalf of a qualifying public university student or community college student. Creates an income tax credit for qualified higher education expenses incurred during the taxable year by the parent or guardian of a qualified apprentice, trade, or vocational student. Effective immediately.

INC TX-HIGHER EDUCATION CREDIT

Rep. Jay Hoffman [D]

Rep. Mike Coffey [R]

Date	Chamber	Action
2024-04-05	House	Rule 19(a) / Re-referred to Rules Committee
2024-03-08	House	To Revenue-Income Tax Subcommittee
2024-02-28	House	Assigned to Revenue & Finance Committee
2024-02-09	House	Referred to Rules Committee
2024-02-09	House	First Reading
2024-02-08	House	Added Chief Co-Sponsor Rep. Michael J. Coffey, Jr.
2024-02-08	House	Filed with the Clerk by Rep. Jay Hoffman

Chapter	Article	Section	Citation Type	Statute Text
35	5	203	Amended Code	Citation Text
35	5	231	Amended Code	Citation Text
35	5	231.1	New Code	See Bill Text
35	5	241	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5210&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB5210.htm