IL HB4996 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 7 2024 - 25% progression
Action: 2024-02-08 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 7 2024 - 25% progression
Action: 2024-02-08 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Provides that, for taxable years ending on or after December 31, 2024, the maximum amount of the education expense credit is $1,500 (currently, $750). Effective immediately.
Title
INC TX-EDUCATION EXPENSE
Sponsors
| Rep. Ryan Spain [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-02-08 | House | Referred to Rules Committee |
| 2024-02-08 | House | First Reading |
| 2024-02-07 | House | Filed with the Clerk by Rep. Ryan Spain |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 201 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4996&GAID=17&DocTypeID=HB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/HB/10300HB4996.htm |
