Date	Chamber	Action
1/13/2009	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/218 new

110 ILCS 947/5

110 ILCS 947/20

Synopsis As Introduced
Amends the Higher Education Student Assistance Act and the Illinois Income tax Act. Authorizes the Illinois Student Assistance Commission to establish systems and programs to encourage employers to match employee contributions to prepaid programs of college savings by making donations to the Commission for prepaid programs of college savings and its programs of grants and loans to make higher education affordable for all residents of the State and to receive, hold, and disburse all such funds made available through those programs for the purposes for which they are authorized by rule or by law. Creates an income tax credit for employers who, during the taxable year, makes a matching donation to the Illinois Student Assistance Commission on behalf of an employee. Provides that the credit is 25% of the matching donation, but not to exceed $500 per employee. Provides that the credit may be carried forward for 3 taxable years. Effective immediately.

Actions 

Date	Chamber	Action
1/22/2008	House	Filed with the Clerk by Rep. David E. Miller
1/22/2008	House	First Reading
1/22/2008	House	Referred to Rules Committee
2/13/2008	House	Added Chief Co-Sponsor Rep. LaShawn K. Ford
4/2/2008	House	Added Co-Sponsor Rep. Mike Boland
1/13/2009	House	Session Sine Die

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