Date	Chamber	Action
12/3/2014	House	Session Sine Die

Statutes Amended In Order of Appearance

New Act

35 ILCS 5/224 new

Synopsis As Introduced
Creates the Business Investment in Higher Education Act and amends the Illinois Income Tax Act. Requires the Illinois Student Assistance Commission to establish and administer a program in which businesses in this State provide scholarships to eligible students who agree to practice in professions in areas of this State demonstrating the greatest need. Provides that, prior to receiving scholarship assistance for any academic year from a business, the scholarship recipient shall be required by the business to sign an agreement under which the recipient pledges to practice full-time in a profession agreed upon with the business in an area of this State agreed upon with the business one year for each year he or she is a scholarship recipient. Sets forth provisions concerning the failure of recipient to fulfill the scholarship obligation. Requires the Commission to adopt rules to implement the program. Provides for a tax credit for contributions made to the scholarships.

Actions 

Date	Chamber	Action
2/14/2014	House	Filed with the Clerk by Rep. Dwight Kay
2/14/2014	House	First Reading
2/14/2014	House	Referred to Rules Committee
12/3/2014	House	Session Sine Die

Back To Top