IL HB3350 | 2013-2014 | 98th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. Creates an addition modification in an amount equal to any tuition waiver, grant, or scholarship awarded by the public university to the taxpayer, or to the taxpayer's child, spouse, parent, or other family member, on the basis of the taxpayer's employment with the university if (i) the waiver, grant, or scholarship is used by the recipient in that taxable year and (ii) those amounts are not otherwise included in the taxpayer's adjusted gross income. Provides that 100% of the revenue realized from that addition modification shall be deposited into the Monetary Award Program Reserve Fund. Effective immediately.

Tracking Information

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Title

INC TX-TUITION WAIVERS

Sponsors


History

DateChamberAction
2014-12-03HouseSession Sine Die
2013-03-22HouseRule 19(a) / Re-referred to Rules Committee
2013-03-11HouseAssigned to Revenue & Finance Committee
2013-02-26HouseReferred to Rules Committee
2013-02-26HouseFirst Reading
2013-02-26HouseFiled with the Clerk by Rep. Michael W. Tryon

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355203Amended CodeCitation Text
355901Amended CodeCitation Text

Illinois State Sources


Bill Comments

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