Bill Title: Amends the Illinois Income Tax Act. Increases the maximum amount of the education expense credit to $1,500 for taxable years beginning on or after January 1, 2016 and prior to January 1, 2017 (currently, the maximum is $500). For taxable years beginning on or after January 1, 2017, provides that the maximum amount of the education expense credit shall be increased annually by the percentage increase, if any, in the Consumer Price Index for All Urban Consumers. Effective immediately.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2015-03-27 - Rule 19(a) / Re-referred to Rules Committee
[HB3088 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
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| Introduced | 2015-02-24 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
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| No bill amendments currently on file for Illinois HB3088 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
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| No supplemental documents for Illinois HB3088 currently on file. |
Social Comments on IL HB3088
