IL SB0072 | 2025-2026 | 104th General Assembly

Status

Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on January 13 2025 - 25% progression, died in committee
Action: 2025-06-02 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. Provides that a taxpayer who may claim a qualifying student as a dependent is allowed a credit of up to $2,000 for qualified tuition and fee expenses paid by the taxpayer. Provides that the term qualifying student means a person who (i) is a resident of the State, (ii) is under the age of 24 at the close of the school year for which a credit is sought, and (iii) during the school year for which a credit is sought, is a full-time student enrolled in a program at a qualifying college or university. Effective immediately.

Tracking Information

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Title

INCOME TAX-TUITION CREDIT

Sponsors


History

DateChamberAction
2025-06-02SenateRule 3-9(a) / Re-referred to Assignments
2025-05-23SenateRule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025
2025-05-09SenateRule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025
2025-04-11SenateRule 2-10 Committee Deadline Established As May 9, 2025
2025-03-21SenateRule 2-10 Committee Deadline Established As April 11, 2025
2025-01-22SenateAssigned to Revenue
2025-01-13SenateReferred to Assignments
2025-01-13SenateFirst Reading
2025-01-13SenateFiled with Secretary by Sen. Laura M. Murphy

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355246New CodeSee Bill Text

Illinois State Sources


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