Illinois General Assembly - Bill Status for HB3088

Synopsis As Introduced
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.

Actions

Date	Chamber	Action
2/24/2015	House	Filed with the Clerk by Rep. Peter Breen
2/25/2015	House	First Reading
2/25/2015	House	Referred to Rules Committee
3/10/2015	House	Assigned to Revenue & Finance Committee
3/13/2015	House	To Income Tax Subcommittee
3/27/2015	House	Rule 19(a) / Re-referred to Rules Committee
1/10/2017	House	Session Sine Die

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