HB 4736 Illinois House · 103rd Regular Session

INC TX-SCHOLARSHIPS

Summary

Amends the Illinois Income Tax Act. Creates a deduction for an amount equal to the amount included in the taxpayer's federal adjusted gross income that is attributable to student loan repayment assistance received by the taxpayer during the taxable year from a qualified community foundation if the taxpayer is a qualified worker. Effective immediately.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2024

Committee Review

Floor Vote

Governor

Introduced Feb 2, 2024 Last action May 22, 2024

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

38

Key actions

2

Committee

7

Amendments

1

Apr 5, 2024

Committee

House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee

lower

Apr 5, 2024

Committee

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

lower

Mar 12, 2024

Lower · Passed

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

lower

Mar 8, 2024

Committee

House Committee Amendment No. 1 Referred to Rules Committee

lower

Mar 8, 2024

Introduced

House Committee Amendment No. 1 Filed with Clerk by Rep. Katie Stuart

lower

Mar 8, 2024

Lower · Passed

To Revenue-Income Tax Subcommittee

lower

Feb 14, 2024

Committee

Assigned to Revenue & Finance Committee

lower

Feb 6, 2024

Committee

Referred to Rules Committee

lower

1 primary · 26 co-sponsors

Sponsors