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]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2021-08-09	HTML/Text	Link	View
Enrolled	2021-06-01	HTML/Text	Link	View
Engrossed	2021-04-23	HTML/Text	Link	View
Introduced	2021-02-19	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
House Amendment 001	2021-05-14	Proposed	HTML/Text	Link	View

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB0340 currently on file.