HB 5755

  • Illinois House Bill
  • 97th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Inc Tx-Education Credit

Abstract

Amends the Illinois Income Tax Act. Creates a credit for contributions to qualified student assistance organizations. Provides that the credit may not exceed $100,000 and may not exceed 90% of each dollar contributed. Provides that the credit is exempt from the Act's automatic sunset provision. Requires certain student assistance organizations to award scholarships to qualifying students. Provides that those scholarships are not included in the taxpayer's base income. Effective immediately.

Bill Sponsors (1)

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Jan 08, 2013

House

Session Sine Die

Mar 09, 2012

House

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

House

House Committee Amendment No. 1 Tabled Pursuant to Rule 40

Mar 07, 2012

House

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

Mar 06, 2012

House

House Committee Amendment No. 1 Filed with Clerk by Rep. Darlene J. Senger

House

House Committee Amendment No. 1 Referred to Rules Committee

Feb 27, 2012

House

Assigned to Revenue & Finance Committee

Feb 16, 2012

House

Added Co-Sponsor Rep. Randy Ramey, Jr.

House

Referred to Rules Committee

House

First Reading

House

Filed with the Clerk by Rep. Darlene J. Senger

Bill Text

Bill Text Versions Format
Introduced HTML

Related Documents

Document Format
House Amendment 001

Sources

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