HB 437

  • Illinois House Bill
  • 102nd 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 (2)

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Actions


Jan 10, 2023

House

Session Sine Die

Feb 18, 2022

House

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

Jan 27, 2022

House

To Income Tax Subcommittee

Jan 05, 2022

House

Assigned to Revenue & Finance Committee

Apr 15, 2021

House

Added Co-Sponsor Rep. Rita Mayfield

Mar 27, 2021

House

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

Mar 11, 2021

House

To Income Tax Subcommittee

Mar 02, 2021

House

Assigned to Revenue & Finance Committee

Feb 08, 2021

House

Referred to Rules Committee

House

First Reading

Feb 01, 2021

House

Filed with the Clerk by Rep. Mark L. Walker

Bill Text

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Sources

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