HB 4435

  • Illinois House Bill
  • 103rd Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Inc Tx-Student Loan Repayment

Abstract

Amends the Illinois Income Tax Act. Creates an income tax deduction for any amounts paid by the taxpayer's employer on behalf of the taxpayer as part of an educational assistance program. Creates an income tax deduction for any amounts paid by the taxpayer on behalf of an employee of the taxpayer as part of an educational assistance program. Provides that the deductions are limited to the first $5,250 of such assistance so furnished to any individual. Effective immediately.

Bill Sponsors (1)

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Actions


Apr 05, 2024

House

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

Mar 08, 2024

House

To Revenue-Income Tax Subcommittee

Feb 14, 2024

House

Assigned to Revenue & Finance Committee

Jan 16, 2024

House

First Reading

House

Referred to Rules Committee

Jan 12, 2024

House

Filed with the Clerk by Rep. Katie Stuart

Bill Text

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