Illinois General Assembly - Bill Status for HB5755
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 Bill Status of HB5755  97th General Assembly

Short Description:  INC TX-EDUCATION CREDIT

House Sponsors
Rep. Darlene J. Senger and Randy Ramey, Jr.

Last Action
DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/203from Ch. 120, par. 2-203
35 ILCS 5/223 new


Synopsis As Introduced
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.

Actions 
DateChamber Action
  2/16/2012HouseFiled with the Clerk by Rep. Darlene J. Senger
  2/16/2012HouseAdded Co-Sponsor Rep. Randy Ramey, Jr.
  2/16/2012HouseFirst Reading
  2/16/2012HouseReferred to Rules Committee
  2/27/2012HouseAssigned to Revenue & Finance Committee
  3/6/2012HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Darlene J. Senger
  3/6/2012HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/7/2012HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  3/9/2012HouseHouse Committee Amendment No. 1 Tabled Pursuant to Rule 40
  3/9/2012HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die

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