Illinois General Assembly - Bill Status for HB2524
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 Bill Status of HB2524  99th General Assembly

Short Description:  INC TX-TUITION WAIVERS

House Sponsors
Rep. Michael W. Tryon

Last Action
DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/203from Ch. 120, par. 2-203
35 ILCS 5/901from Ch. 120, par. 9-901

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an addition modification in an amount equal to any tuition waiver, grant, or scholarship awarded by the public university to the taxpayer, or to the taxpayer's child, spouse, parent, or other family member, on the basis of the taxpayer's employment with the university if (i) the waiver, grant, or scholarship is used by the recipient in that taxable year and (ii) those amounts are not otherwise included in the taxpayer's adjusted gross income. Provides that 100% of the revenue realized from that addition modification shall be deposited into the Monetary Award Program Reserve Fund. Effective immediately.

DateChamber Action
  2/18/2015HouseFiled with the Clerk by Rep. Michael W. Tryon
  2/18/2015HouseFirst Reading
  2/18/2015HouseReferred to Rules Committee
  3/2/2015HouseAssigned to Revenue & Finance Committee
  3/6/2015HouseTo Income Tax Subcommittee
  3/27/2015HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2017HouseSession Sine Die

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