Bill Title: Amends the Higher Education Student Assistance Act and the Illinois Income Tax Act. Authorizes the Illinois Student Assistance Commission to establish systems and programs to encourage employers to match employee contributions to prepaid programs of college savings by making donations to the Commission for prepaid programs of college savings and its programs of grants and loans to make higher education affordable for all residents of the State and to receive, hold, and disburse all such funds made available through those programs for the purposes for which they are authorized by rule or by law. Creates an income tax credit for employers who, during the taxable year, make a matching donation on behalf of an employee. Provides that the credit is 25% of the matching donation, but not to exceed $500 per employee. Provides that the credit may be carried forward for 3 taxable years. Effective immediately.

Spectrum: Partisan Bill (Democrat 18-0)

Status: (Introduced - Dead) 2010-02-23 - Tabled By Sponsor Rep. Patrick J. Verschoore [HB0169 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Andre Thapedi [D]	Sponsor	Sponsored Bills	HD-032	FollowTheMoney	Ballotpedia	VoteSmart
Representative Patrick Verschoore [D]	Sponsor	Sponsored Bills	HD-072	FollowTheMoney	Ballotpedia	VoteSmart
Representative Marlow Colvin [D]	Sponsor	Sponsored Bills	HD-033	FollowTheMoney	Ballotpedia	VoteSmart
Representative Luis Arroyo [D]	Sponsor	Sponsored Bills	HD-003	FollowTheMoney	Ballotpedia	VoteSmart
Representative Linda LaVia [D]	Sponsor	Sponsored Bills	HD-083	FollowTheMoney	Ballotpedia	VoteSmart
Representative Keith Farnham [D]	Sponsor	Sponsored Bills	HD-043	FollowTheMoney	Ballotpedia	VoteSmart
Representative John D'Amico [D]	Sponsor	Sponsored Bills	HD-015	FollowTheMoney	Ballotpedia	VoteSmart
Representative Jack Franks [D]	Sponsor	Sponsored Bills	HD-063	FollowTheMoney	Ballotpedia	VoteSmart
Representative Emily McAsey [D]	Sponsor	Sponsored Bills	HD-085	FollowTheMoney	Ballotpedia	VoteSmart
Representative Elizabeth Hernandez [D]	Sponsor	Sponsored Bills	HD-002	FollowTheMoney	Ballotpedia	VoteSmart
Representative Edward Acevedo [D]	Sponsor	Sponsored Bills	HD-002	FollowTheMoney	Ballotpedia	VoteSmart
Representative Dan Reitz [D]	Sponsor	Sponsored Bills	HD-116	FollowTheMoney	Ballotpedia	VoteSmart
Representative Cynthia Soto [D]	Sponsor	Sponsored Bills	HD-004	FollowTheMoney	Ballotpedia	VoteSmart
Representative Charles Jefferson [D]	Sponsor	Sponsored Bills	HD-067	FollowTheMoney	Ballotpedia	VoteSmart
Representative Careen Gordon [D]	Sponsor	Sponsored Bills	HD-075	FollowTheMoney	Ballotpedia	VoteSmart
Representative Brandon Phelps [D]	Sponsor	Sponsored Bills	HD-118	FollowTheMoney	Ballotpedia	VoteSmart
Representative Arthur Turner [D]	Sponsor	Sponsored Bills	HD-009	FollowTheMoney	Ballotpedia	VoteSmart
Representative William Davis [D]	Sponsor	Sponsored Bills	HD-030	FollowTheMoney	Ballotpedia	VoteSmart

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