INC TX-STUDENT LOAN DEDUCTION House SponsorsRep. Naomi D. Jakobsson-Paul D. Froehlich-Sidney H. Mathias-Cynthia Soto-Lou Lang 1/13/2009HouseSession Sine Die 35 ILCS 5/203from Ch. 120, par. 2-203 Amends the Illinois Income Tax Act. Allows individual taxpayers to deduct from their base income an amount equal to the amount of principal and interest paid by the taxpayer during the taxable year in the course of repaying a student loan of the taxpayer. Requires that this deduction be reduced by any amount that the taxpayer deducted from his or her federal adjusted gross income with respect to any principal or interest on the same loan. Exempts the deduction from the Acts sunset provisions. Effective immediately. 2/22/2007HouseFiled with the Clerk by Rep. Naomi D. Jakobsson 2/22/2007HouseFirst Reading 2/22/2007HouseReferred to Rules Committee 2/23/2007HouseAdded Chief Co-Sponsor Rep. Paul D. Froehlich 2/23/2007HouseAdded Chief Co-Sponsor Rep. Sidney H. Mathias 2/23/2007HouseAdded Chief Co-Sponsor Rep. Cynthia Soto 2/27/2007HouseAssigned to Revenue Committee 3/8/2007HouseAdded Chief Co-Sponsor Rep. Lou Lang 3/23/2007HouseRule 19(a) / Re-referred to Rules Committee 1/13/2009HouseSession Sine Die