INC TX CR-TUITION-IL COLL-UNIV House SponsorsRep. Dan Reitz-Lou Lang-Robert Rita-Naomi D. Jakobsson 1/11/2005HouseSession Sine Die 35 ILCS 5/213 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, 2003. Sunsets the credit after 10 years. Effective immediately.Fiscal Note (Illinois Department of Revenue) HB 254 would have a negative impact on the State's revenues, however, the Illinois Department of Revenue is unable to determine what the amount would be at this time. 1/23/2003HouseFiled with the Clerk by Rep. Dan Reitz 1/23/2003HouseFirst Reading 1/23/2003HouseReferred to Rules Committee 1/29/2003HouseAssigned to Revenue Committee 2/5/2003HouseAdded Chief Co-Sponsor Rep. Lou Lang 2/5/2003HouseAdded Chief Co-Sponsor Rep. Robert Rita 2/6/2003HouseAdded Chief Co-Sponsor Rep. Naomi D. Jakobsson 2/11/2003HouseFiscal Note Filed 3/13/2003HouseRule 19(a) / Re-referred to Rules Committee 1/11/2005HouseSession Sine Die