IL SB2053 | 2021-2022 | 102nd General Assembly

Status

Spectrum: Partisan Bill (Democrat 11-0)
Status: Introduced on February 26 2021 - 25% progression, died in committee
Action: 2021-04-23 - Added as Co-Sponsor Sen. Laura Fine
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. Provides that each qualified teacher is entitled to an income tax credit in an aggregate amount equal to 50% of the tuition costs incurred by that teacher at a public university in the State. Provides that each qualified teacher may take no more than 20% of his or her aggregate credit amount in any taxable year. Provides that the term "qualified teacher" means an individual who (i) graduated from a public university in the State, (ii) is employed as a teacher in this State during the taxable year, and (iii) has been employed as a teacher in the State for at least 5 consecutive years as of the first day of the taxable year. Effective immediately.

Tracking Information

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Title

INCOME TAX-EDUCATION CREDIT

Sponsors


History

DateChamberAction
2021-04-23SenateAdded as Co-Sponsor Sen. Laura Fine
2021-04-23SenateAdded as Co-Sponsor Sen. Christopher Belt
2021-04-22SenateAdded as Co-Sponsor Sen. Karina Villa
2021-04-22SenateAdded as Co-Sponsor Sen. Celina Villanueva
2021-04-22SenateAdded as Co-Sponsor Sen. Mattie Hunter
2021-04-21SenateAdded as Co-Sponsor Sen. Elgie R. Sims, Jr.
2021-04-21SenateAdded as Co-Sponsor Sen. Meg Loughran Cappel
2021-04-21SenateAdded as Co-Sponsor Sen. Robert F. Martwick
2021-04-21SenateAdded as Co-Sponsor Sen. Michael E. Hastings
2021-04-21SenateAdded as Chief Co-Sponsor Sen. John Connor
2021-04-16SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
2021-04-16SenateRule 3-9(a) / Re-referred to Assignments
2021-03-24SenateTo Credits, Deductions, and Exemptions
2021-03-23SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue
2021-03-19SenateSenate Committee Amendment No. 1 Referred to Assignments
2021-03-19SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Omar Aquino
2021-03-16SenateAssigned to Revenue
2021-02-26SenateReferred to Assignments
2021-02-26SenateFirst Reading
2021-02-26SenateFiled with Secretary by Sen. Omar Aquino

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355232New CodeSee Bill Text

Illinois State Sources


Bill Comments

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