IL SB3132 | 2017-2018 | 100th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 9 2019 - 100% progression
Action: 2019-01-09 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. Allows an income tax credit for each individual taxpayer who is a teacher teaching in a school in Illinois. Provides that the amount of the credit is equal to 50% of the eligible classroom expenses made by the taxpayer during the taxable year, but the credit may not exceed $500. Defines "eligible classroom expenses" as the aggregate amount of nonreimbursed classroom expenses made by the taxpayer during the taxable year less $250. Provides that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Effective immediately.

Tracking Information

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Title

INC TX-CLASSROOM SUPPLY CREDIT

Sponsors


History

DateChamberAction
2019-01-09SenateSession Sine Die
2018-04-27SenateRule 3-9(a) / Re-referred to Assignments
2018-04-13SenateRule 2-10 Committee Deadline Established As April 27, 2018
2018-02-27SenateAssigned to Revenue
2018-02-15SenateReferred to Assignments
2018-02-15SenateFirst Reading
2018-02-15SenateFiled with Secretary by Sen. Cristina Castro

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355227New CodeSee Bill Text

Illinois State Sources


Bill Comments

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