Bill Status of HB 437   102nd General Assembly


Short Description:  INC TAX-STUDENT LOAN

House Sponsors
Rep. Mark L. Walker and Rita Mayfield

Last Action  View All Actions

DateChamber Action
  1/10/2023HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/232 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that a taxpayer who (i) has an associate's degree, a bachelor's degree, or a graduate degree from an institution of higher education accredited by the U.S. Department of Education, (ii) has annual student loan repayment expenses, and (iii) is employed full-time in the State, or has an offer of full-time employment in the State, in one or more of the specified science and technology fields is eligible for an income tax credit equal to the taxpayer's student loan repayment expenses for the taxable year, but not to exceed a maximum credit limit. Effective immediately.

Actions 
DateChamber Action
  2/1/2021HouseFiled with the Clerk by Rep. Mark L. Walker
  2/8/2021HouseFirst Reading
  2/8/2021HouseReferred to Rules Committee
  3/2/2021HouseAssigned to Revenue & Finance Committee
  3/11/2021HouseTo Income Tax Subcommittee
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee
  4/15/2021HouseAdded Co-Sponsor Rep. Rita Mayfield
  1/5/2022HouseAssigned to Revenue & Finance Committee
  1/27/2022HouseTo Income Tax Subcommittee
  2/18/2022HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2023HouseSession Sine Die

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