INC TX-EDUCATION CREDIT
Summary
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 status
failed
1 of 4 stages cleared
Introduction
Feb 2012
Committee Review
Floor Vote
Governor
Introduced Feb 16, 2012
Last action Jan 8, 2013
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
11
Key actions
0
Committee
5
Amendments
2
Jan 8, 2013
House · Failed
Session Sine Die
Mar 9, 2012
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Mar 9, 2012
House · Amendment failed
House Committee Amendment No. 1 Tabled Pursuant to Rule 40
Mar 7, 2012
House · Reported by committee
House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
Mar 6, 2012
House · Referred to committee
House Committee Amendment No. 1 Referred to Rules Committee
Mar 6, 2012
House · Amendment offered
House Committee Amendment No. 1 Filed with Clerk by Rep. Darlene J. Senger
Feb 27, 2012
House · Referred to committee
Assigned to Revenue & Finance Committee
Feb 16, 2012
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Darlene J. Senger
RRepublican
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