Bill Title: Amends the Illinois Income Tax Act. Provides for a deduction for individuals in an amount equal to the amount paid by the taxpayer during the taxable year to a public or private university, college, or community college in the State as tuition for the taxpayer's child if (i) the taxpayer has an adjusted gross income of $100,000 or less and (ii) the student maintains a grade point average of 2.75 on a 4.0 scale for the entire taxable year. Exempts the deduction from the Act's sunset provision. Effective immediately.
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced - Dead) 2009-03-13 - Rule 3-9(a) / Re-referred to Assignments
[SB1543 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
|---|
| Introduced | Not Avail | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
|---|
| No bill amendments currently on file for Illinois SB1543 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
|---|
| No supplemental documents for Illinois SB1543 currently on file. |
