Michael W. Tryon
- Republican
Primary
Amends the Illinois Income Tax Act. Creates an addition modification in an amount equal to any tuition waiver, grant, or scholarship awarded by the public university to the taxpayer, or to the taxpayer's child, spouse, parent, or other family member, on the basis of the taxpayer's employment with the university if (i) the waiver, grant, or scholarship is used by the recipient in that taxable year and (ii) those amounts are not otherwise included in the taxpayer's adjusted gross income. Provides that 100% of the revenue realized from that addition modification shall be deposited into the Monetary Award Program Reserve Fund. Effective immediately.
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Session Sine Die
Rule 19(a) / Re-referred to Rules Committee
To Income Tax Subcommittee
Assigned to Revenue & Finance Committee
Referred to Rules Committee
Filed with the Clerk by Rep. Michael W. Tryon
First Reading
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