Bill Title: Amends the Illinois Income Tax Act. Provides that the credit for student-assistance contributions sunsets on December 31, 2031 (currently, December 30, 2021). Provides that, for taxable years ending on or after December 31, 2021, the maximum student-assistance credit is $1,000 per contributing employee per taxable year (currently, $500). Effective immediately.

Sponsorship: Slight Partisan Bill (Democrat 2-1)

Status: (Passed) 2021-08-06 - Public Act . . . . . . . . . 102-0289 [SB0340 Detail]

Text: Latest bill text (Chaptered) [HTML]

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