Illinois General Assembly - Bill Status for HB3350

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Bill Status of HB3350 98th General Assembly

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Short Description: INC TX-TUITION WAIVERS

House Sponsors
Rep. Michael W. Tryon

Last Action

Date	Chamber	Action
12/3/2014	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/203

from Ch. 120, par. 2-203

35 ILCS 5/901

from Ch. 120, par. 9-901

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an addition modification in an amount equal to any tuition waiver, grant, or scholarship awarded by the public university to the taxpayer, or to the taxpayer's child, spouse, parent, or other family member, on the basis of the taxpayer's employment with the university if (i) the waiver, grant, or scholarship is used by the recipient in that taxable year and (ii) those amounts are not otherwise included in the taxpayer's adjusted gross income. Provides that 100% of the revenue realized from that addition modification shall be deposited into the Monetary Award Program Reserve Fund. Effective immediately.

Actions

Date	Chamber	Action
2/26/2013	House	Filed with the Clerk by Rep. Michael W. Tryon
2/26/2013	House	First Reading
2/26/2013	House	Referred to Rules Committee
3/11/2013	House	Assigned to Revenue & Finance Committee
3/22/2013	House	Rule 19(a) / Re-referred to Rules Committee
12/3/2014	House	Session Sine Die

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