Bill Status of SB2149 99th General Assembly
Short Description: INC TX-EDUCATION CREDIT
Sen. Dan Kotowski - Ira I. Silverstein - Jacqueline Y. Collins - Iris Y. Martinez, Heather A. Steans, Mattie Hunter, Antonio Muņoz, Kimberly A. Lightford, Terry Link, Kwame Raoul, David Koehler, William Delgado, Don Harmon, James F. Clayborne, Jr., Julie A. Morrison, Martin A. Sandoval, Michael Noland, Michael E. Hastings and Napoleon Harris, III
|Session Sine Die
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a credit for taxpayers who (1) have an adjusted gross income of $200,000 or less and (2) are college or university students or may claim a college or university student as a dependent. Provides that the credit shall be equal to a portion of the tuition and fee expenses paid by the taxpayer during the taxable year on behalf of the qualifying student. Sets forth the amount of the credit. Effective immediately.