Illinois General Assembly - Bill Status for SB0340
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 Bill Status of SB0340  102nd General Assembly

Short Description:  INC TX-STUDENT ASSISTANCE

Senate Sponsors
Sen. Mattie Hunter and Chapin Rose

House Sponsors
(Rep. Lindsey LaPointe)

Last Action
DateChamber Action
  8/6/2021SenatePublic Act . . . . . . . . . 102-0289

Statutes Amended In Order of Appearance
35 ILCS 5/218


Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that the credit for student-assistance contributions sunsets on December 31, 2031 (currently, December 30, 2021). Provides that, for taxable years ending on or after December 31, 2021, the maximum student-assistance credit is $1,000 per contributing employee per taxable year (currently, $500). Effective immediately.

House Floor Amendment No. 1
Makes changes to the engrossed bill to provide that the credit for student-assistance contributions sunsets on December 31, 2024 (currently, December 30, 2021; in the engrossed bill, December 31, 2031). Removes provisions increasing the maximum student-assistance credit to $1,000 per contributing employee.

Actions 
DateChamber Action
  2/19/2021SenateFiled with Secretary by Sen. Mattie Hunter
  2/19/2021SenateFirst Reading
  2/19/2021SenateReferred to Assignments
  3/3/2021SenateAssigned to Revenue
  4/15/2021SenateDo Pass Revenue; 008-000-000
  4/15/2021SenatePlaced on Calendar Order of 2nd Reading April 20, 2021
  4/20/2021SenateSecond Reading
  4/20/2021SenatePlaced on Calendar Order of 3rd Reading ** April 21, 2021
  4/21/2021SenateAdded as Co-Sponsor Sen. Chapin Rose
  4/23/2021SenateThird Reading - Passed; 058-000-000
  4/26/2021HouseArrived in House
  4/26/2021HouseChief House Sponsor Rep. Lindsey LaPointe
  4/27/2021HouseFirst Reading
  4/27/2021HouseReferred to Rules Committee
  5/4/2021HouseAssigned to Revenue & Finance Committee
  5/13/2021HouseDo Pass / Short Debate Revenue & Finance Committee; 018-000-000
  5/13/2021HousePlaced on Calendar 2nd Reading - Short Debate
  5/14/2021HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Lindsey LaPointe
  5/14/2021HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  5/18/2021HouseHouse Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 003-001-000
  5/19/2021HouseHouse Floor Amendment No. 1 Adopted
  5/19/2021HouseSecond Reading - Short Debate
  5/19/2021HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/20/2021HouseThird Reading - Short Debate - Passed 117-000-000
  5/21/2021SenateSecretary's Desk - Concurrence House Amendment(s) 1
  5/21/2021SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1 - May 24, 2021
  5/25/2021SenateHouse Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Mattie Hunter
  5/25/2021SenateHouse Floor Amendment No. 1 Motion to Concur Referred to Assignments
  5/25/2021SenateHouse Floor Amendment No. 1 Motion to Concur Assignments Referred to Revenue
  5/27/2021SenateHouse Floor Amendment No. 1 Motion To Concur Recommended Do Adopt Revenue; 010-000-000
  5/30/2021SenateHouse Floor Amendment No. 1 Senate Concurs 059-000-000
  5/30/2021SenateSenate Concurs
  5/30/2021SenatePassed Both Houses
  6/28/2021SenateSent to the Governor
  8/6/2021SenateGovernor Approved
  8/6/2021SenateEffective Date August 6, 2021
  8/6/2021SenatePublic Act . . . . . . . . . 102-0289

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