SB 2053

  • Illinois Senate Bill
  • 102nd Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Income Tax-Education Credit

Abstract

Amends the Illinois Income Tax Act. Provides that each qualified teacher is entitled to an income tax credit in an aggregate amount equal to 50% of the tuition costs incurred by that teacher at a public university in the State. Provides that each qualified teacher may take no more than 20% of his or her aggregate credit amount in any taxable year. Provides that the term "qualified teacher" means an individual who (i) graduated from a public university in the State, (ii) is employed as a teacher in this State during the taxable year, and (iii) has been employed as a teacher in the State for at least 5 consecutive years as of the first day of the taxable year. Effective immediately.

Bill Sponsors (11)

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Jan 10, 2023

Senate

Session Sine Die

Apr 23, 2021

Senate

Added as Co-Sponsor Sen. Laura Fine

Senate

Added as Co-Sponsor Sen. Christopher Belt

Apr 22, 2021

Senate

Added as Co-Sponsor Sen. Mattie Hunter

Senate

Added as Co-Sponsor Sen. Karina Villa

Senate

Added as Co-Sponsor Sen. Celina Villanueva

Apr 21, 2021

Senate

Added as Chief Co-Sponsor Sen. John Connor

Senate

Added as Co-Sponsor Sen. Michael E. Hastings

Senate

Added as Co-Sponsor Sen. Robert F. Martwick

Senate

Added as Co-Sponsor Sen. Meg Loughran Cappel

Senate

Added as Co-Sponsor Sen. Elgie R. Sims, Jr.

Apr 16, 2021

Senate

Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments

Senate

Rule 3-9(a) / Re-referred to Assignments

Mar 24, 2021

Senate

To Credits, Deductions, and Exemptions

Mar 23, 2021

Senate

Senate Committee Amendment No. 1 Assignments Refers to Revenue

Mar 19, 2021

Senate

Senate Committee Amendment No. 1 Filed with Secretary by Sen. Omar Aquino

Senate

Senate Committee Amendment No. 1 Referred to Assignments

Mar 16, 2021

Senate

Assigned to Revenue

Feb 26, 2021

Senate

First Reading

Senate

Referred to Assignments

Senate

Filed with Secretary by Sen. Omar Aquino

Bill Text

Bill Text Versions Format
Introduced HTML PDF
Senate Amendment 001 HTML PDF

Related Documents

Document Format
No related documents.

Sources

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