Illinois General Assembly - Bill Status for SB2003

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

Date	Chamber	Action
2/6/2025	Senate	Filed with Secretary by Sen. Meg Loughran Cappel
2/6/2025	Senate	First Reading
2/6/2025	Senate	Referred to Assignments
2/25/2025	Senate	Assigned to Revenue

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