Illinois House Bill 2973 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 7-0)
Status: Introduced on February 14 2019 - 25% progression, died in committee
Action: 2020-06-23 - House Committee Amendment No. 1 Rule 19(c) / 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. Jonathan Carroll [D]	Sen. Karina Villa [D]	Rep. Daniel Didech [D]
Rep. Sam Yingling [D]	Rep. Jennifer Gong-Gershowitz [D]	Rep. Jawaharial Williams [D]

Date	Chamber	Action
2020-06-23	House	House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
2020-06-23	House	Rule 19(b) / Re-referred to Rules Committee
2020-02-05	House	To Income Tax Subcommittee
2020-01-28	House	House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
2020-01-28	House	Assigned to Revenue & Finance Committee
2019-08-05	House	Added Co-Sponsor Rep. Jawaharial Williams
2019-03-29	House	House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
2019-03-29	House	Rule 19(a) / Re-referred to Rules Committee
2019-03-19	House	House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
2019-03-13	House	House Committee Amendment No. 1 Referred to Rules Committee
2019-03-13	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Mark L. Walker
2019-03-07	House	Added Co-Sponsor Rep. Jennifer Gong-Gershowitz
2019-03-07	House	Added Co-Sponsor Rep. Sam Yingling
2019-03-07	House	Added Co-Sponsor Rep. Daniel Didech
2019-03-07	House	Added Co-Sponsor Rep. Karina Villa
2019-03-07	House	Added Co-Sponsor Rep. Jonathan Carroll
2019-03-06	House	To Income Tax Subcommittee
2019-02-26	House	Assigned to Revenue & Finance Committee
2019-02-14	House	Referred to Rules Committee
2019-02-14	House	First Reading
2019-02-14	House	Filed with the Clerk by Rep. Mark L. Walker

Chapter	Article	Section	Citation Type	Statute Text
35	5	229	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2973&GAID=15&DocTypeID=HB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/HB/10100HB2973.htm
Amendment	https://www.ilga.gov/legislation/101/HB/10100HB2973ham001.htm