SB 1313

  • Illinois Senate Bill
  • 103rd Regular Session
  • Introduced in Senate
  • Senate
  • House
  • 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 (2)

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Actions


Mar 15, 2024

House

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

Jan 24, 2024

House

Re-assigned to Revenue

Mar 10, 2023

House

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

Feb 14, 2023

House

Assigned to Revenue

Feb 09, 2023

House

Added as Chief Co-Sponsor Sen. Paul Faraci

Feb 06, 2023

House

Filed with Secretary by Sen. Meg Loughran Cappel

House

Referred to Assignments

House

First Reading

Bill Text

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Sources

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