Illinois General Assembly - Bill Status for HB3088
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 Bill Status of HB3088  99th General Assembly


Short Description:  INC TX-EDUCATION CREDIT

House Sponsors
Rep. Peter Breen

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

Statutes Amended In Order of Appearance
35 ILCS 5/201from Ch. 120, par. 2-201


Synopsis As Introduced
Amends the Illinois Income Tax Act. Increases the maximum amount of the education expense credit to $1,500 for taxable years beginning on or after January 1, 2016 and prior to January 1, 2017 (currently, the maximum is $500). For taxable years beginning on or after January 1, 2017, provides that the maximum amount of the education expense credit shall be increased annually by the percentage increase, if any, in the Consumer Price Index for All Urban Consumers. Effective immediately.

Actions 
DateChamber Action
  2/24/2015HouseFiled with the Clerk by Rep. Peter Breen
  2/25/2015HouseFirst Reading
  2/25/2015HouseReferred to Rules Committee
  3/10/2015HouseAssigned to Revenue & Finance Committee
  3/13/2015HouseTo Income Tax Subcommittee
  3/27/2015HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2017HouseSession Sine Die

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