Bill Status of SB2259 100th General Assembly
Short Description: INC TX-EDUCATION CREDIT
Sen. Laura M. Murphy
| 11/1/2017||Senate||Referred to Assignments|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a credit for taxpayers who (1) have an adjusted gross income of $200,000 or less and (2) are college or university students or may claim a college or university student as a dependent. Provides that the credit shall be equal to a portion of the tuition and fee expenses paid by the taxpayer during the taxable year on behalf of the qualifying student. Sets forth the amount of the credit. Effective immediately.