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 Bill Status of SB3157  100th General Assembly


Short Description:  INC TX-EDUCATION CREDIT

Senate Sponsors
Sen. Omar Aquino

Last Action
DateChamber Action
  2/27/2018SenateAssigned to Revenue

Statutes Amended In Order of Appearance
35 ILCS 5/227 new


Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that each qualified teacher is entitled to an income tax credit in an aggregate amount equal to 50% of the tuition costs incurred by that teacher at a public university in the State. Provides that each qualified teacher may take no more than 20% of his or her aggregate credit amount in any taxable year. Provides that the term "qualified teacher" means an individual who (i) graduated from a public university in the State, (ii) is employed as a teacher in this State during the taxable year, and (iii) has been employed as a teacher in the State for at least 5 consecutive years as of the first day of the taxable year. Effective immediately.

Actions 
DateChamber Action
  2/16/2018SenateFiled with Secretary by Sen. Omar Aquino
  2/16/2018SenateFirst Reading
  2/16/2018SenateReferred to Assignments
  2/27/2018SenateAssigned to Revenue
  4/6/2018SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Omar Aquino
  4/6/2018SenateSenate Committee Amendment No. 1 Referred to Assignments
  4/10/2018SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue
  4/13/2018SenateRule 2-10 Committee Deadline Established As April 27, 2018

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