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<xml>
<title>Illinois General Assembly - Bill Status for HB 5755   </title>
<shortdesc>INC TX-EDUCATION CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Darlene J. Senger and Randy Ramey, Jr.</sponsors>
</sponsor>
<lastaction>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/203</reference><aliasreference>from Ch. 120, par. 2-203</aliasreference><reference>35 ILCS 5/223 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Creates a credit for contributions to qualified student assistance organizations. Provides that the credit may not exceed $100,000 and may not exceed 90% of each dollar contributed. Provides that the credit is exempt from the Act's automatic sunset provision. Requires certain student assistance organizations to award scholarships to qualifying students. Provides that those scholarships are not included in the taxpayer's base income. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/16/2012</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Darlene J. Senger</action>
<statusdate>2/16/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Randy Ramey, Jr.</action>
<statusdate>2/16/2012</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/16/2012</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/27/2012</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/6/2012</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Filed with Clerk by Rep. Darlene J. Senger</action>
<statusdate>3/6/2012</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Referred to Rules Committee</action>
<statusdate>3/7/2012</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rules Refers to Revenue &amp; Finance Committee</action>
<statusdate>3/9/2012</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Tabled Pursuant to Rule 40</action>
<statusdate>3/9/2012</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

