INC TX-STUDENT ASSISTANCE
Summary
Amends the Illinois Income Tax Act. Provides that the credit for student-assistance contributions sunsets on December 31, 2030 (currently, December 30, 2020). Provides that, for taxable years ending on or after December 31, 2020, the maximum student-assistance credit is $1,000 per contributing employee per taxable year (currently, $500). Effective immediately.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2020
Committee Review
Floor Vote
Governor
Introduced Feb 4, 2020
Last action Dec 7, 2020
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
20
Key actions
1
Committee
4
Apr 12, 2020
Committee
Pursuant to Senate Rule 3-9(b) / Referred to Assignments
upper
Mar 4, 2020
Upper · Passed
Do Pass as Amended Revenue; 008-000-000
upper
Feb 11, 2020
Committee
Assigned to Revenue
upper
Feb 4, 2020
Committee
Referred to Assignments
upper
0 primary · 6 co-sponsors
Sponsors
No sponsor information available.
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