91st General Assembly
Status of HB2839
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 Full Text  Bill Summary

   35 ILCS 5/211 new                                                           

        Amends the Illinois Income Tax Act to create an income tax credit      
   for a taxpayer with an adjusted gross income of less than $100,000  in      
   an amount not to exceed $500 for amounts spent during the taxable year      
   for  the  tuition  and  fees  of the taxpayer and any dependent of the      
   taxpayer engaged in full-time or part-time  undergraduate  studies  at      
   any  public  or  private  college,  university,  or  community college      
   located in Illinois.  Provides that this credit is  not  available  to      
   individuals  whose  tuition or fees are reimbursed by their employers.      
   Provides that the credit may not  reduce  the  taxpayer's  income  tax      
   liability  to  less  than  zero.  Applicable to tax years ending on or      
   after  December  31,  1999.   Sunsets  the  credit  after  10   years.      
   Effective immediately.                                                      
   99-02-22  H  FIRST READING                                                  
   99-02-22  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   99-02-24  H       ASSIGNED TO COMMITTEE               REVENUE               
   99-03-05  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   01-01-09  H  SESSION SINE DIE                                               


 Full Text  Bill Summary