Illinois General Assembly - Bill Status for SB1313
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 Bill Status of SB1313  103rd General Assembly


Short Description:  INC TX-STUDENT LOAN REPAYMENT

Senate Sponsors
Sen. Meg Loughran Cappel - Paul Faraci

Last Action
DateChamber Action
  1/24/2024SenateRe-assigned to Revenue

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


Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax deduction for any amounts paid by the taxpayer's employer on behalf of the taxpayer as part of an educational assistance program. Creates an income tax deduction for any amounts paid by the taxpayer on behalf of an employee of the taxpayer as part of an educational assistance program. Provides that the deductions are limited to the first $5,250 of such assistance so furnished to any individual. Effective immediately.

Actions 
DateChamber Action
  2/6/2023SenateFiled with Secretary by Sen. Meg Loughran Cappel
  2/6/2023SenateFirst Reading
  2/6/2023SenateReferred to Assignments
  2/9/2023SenateAdded as Chief Co-Sponsor Sen. Paul Faraci
  2/14/2023SenateAssigned to Revenue
  3/10/2023SenateRule 3-9(a) / Re-referred to Assignments
  1/24/2024SenateRe-assigned to Revenue

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