Illinois House Bill 437 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on February 1 2021 - 25% progression, died in committee
Action: 2022-02-18 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Income Tax Act. Provides that a taxpayer who (i) has an associate's degree, a bachelor's degree, or a graduate degree from an institution of higher education accredited by the U.S. Department of Education, (ii) has annual student loan repayment expenses, and (iii) is employed full-time in the State, or has an offer of full-time employment in the State, in one or more of the specified science and technology fields is eligible for an income tax credit equal to the taxpayer's student loan repayment expenses for the taxable year, but not to exceed a maximum credit limit. Effective immediately.

INC TAX-STUDENT LOAN

Rep. Mark Walker [D]

Rep. Rita Mayfield [D]

Date	Chamber	Action
2022-02-18	House	Rule 19(a) / Re-referred to Rules Committee
2022-01-27	House	To Income Tax Subcommittee
2022-01-05	House	Assigned to Revenue & Finance Committee
2021-04-15	House	Added Co-Sponsor Rep. Rita Mayfield
2021-03-27	House	Rule 19(a) / Re-referred to Rules Committee
2021-03-11	House	To Income Tax Subcommittee
2021-03-02	House	Assigned to Revenue & Finance Committee
2021-02-08	House	Referred to Rules Committee
2021-02-08	House	First Reading
2021-02-01	House	Filed with the Clerk by Rep. Mark L. Walker

Chapter	Article	Section	Citation Type	Statute Text
35	5	232	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=437&GAID=16&DocTypeID=HB&SessionID=110&GA=102
Text	https://www.ilga.gov/legislation/102/HB/10200HB0437.htm