Bill Title: Amends the Illinois Income Tax Act. Creates a deduction in an amount equal to the difference between the total amount of interest paid by the taxpayer during the taxable year on any qualified education loan and the amount of the deduction claimed by the taxpayer under a provision of the Internal Revenue Code for the same loan. Provides that the deduction is exempt from the Act's automatic sunset provision. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2015-01-13 - Session Sine Die [SB3260 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2014-02-14	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB3260

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB3260 currently on file.

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