HB 2973

  • Illinois House Bill
  • 101st Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Inc Tax-Student Loan

Abstract

Amends the Illinois Income Tax Act. Provides that a taxpayer who (i) has an associate's degree, a bachelor's degree, or a graduate degree from an institution of higher education accredited by the U.S. Department of Education, (ii) has annual student loan repayment expenses, and (iii) is employed full-time in the State, or has an offer of full-time employment in the State, in one or more of the specified science and technology fields is eligible for an income tax credit equal to the taxpayer's student loan repayment expenses for the taxable year, but not to exceed a maximum credit limit. Effective immediately.

Bill Sponsors (7)

Votes


No votes to display

Actions


Jun 23, 2020

House

House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee

House

Rule 19(b) / Re-referred to Rules Committee

Feb 05, 2020

House

To Income Tax Subcommittee

Jan 28, 2020

House

House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee

House

Assigned to Revenue & Finance Committee

Aug 05, 2019

House

Added Co-Sponsor Rep. Jawaharial Williams

Mar 29, 2019

House

Rule 19(a) / Re-referred to Rules Committee

House

House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee

Mar 19, 2019

House

House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee

Mar 13, 2019

House

House Committee Amendment No. 1 Filed with Clerk by Rep. Mark L. Walker

House

House Committee Amendment No. 1 Referred to Rules Committee

Mar 07, 2019

House

Added Co-Sponsor Rep. Daniel Didech

House

Added Co-Sponsor Rep. Jennifer Gong-Gershowitz

House

Added Co-Sponsor Rep. Sam Yingling

House

Added Co-Sponsor Rep. Karina Villa

House

Added Co-Sponsor Rep. Jonathan Carroll

Mar 06, 2019

House

To Income Tax Subcommittee

Feb 26, 2019

House

Assigned to Revenue & Finance Committee

Feb 14, 2019

House

Filed with the Clerk by Rep. Mark L. Walker

House

Referred to Rules Committee

House

First Reading

Bill Text

Bill Text Versions Format
Introduced HTML

Related Documents

Document Format
House Amendment 001

Sources

Data on Open States is updated periodically throughout the day from the official website of the Illinois General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.