Bill Status of HB0402 99th General Assembly
Short Description: INC TX-EDUCATION LOANS
Rep. Jack D. Franks - Marcus C. Evans, Jr., Martin J. Moylan, Pamela Reaves-Harris, Daniel V. Beiser, Kenneth Dunkin, Natalie A. Manley, Jehan Gordon-Booth, Patrick J. Verschoore, Al Riley and Jay Hoffman
| 1/10/2017||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a deduction for individuals, trusts, and estates for certain qualified student loan payments made during the taxable year. Provides that the deduction is excluded from the Act's automatic sunset provisions. Effective immediately.