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]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Peter Breen [R]	Primary	Sponsored Bills	HD-048	FollowTheMoney	Ballotpedia	VoteSmart

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