Bill Title: Amends the Illinois Income Tax Act. Creates a deduction for an amount equal to the amount included in the taxpayer's federal adjusted gross income that is attributable to student loan repayment assistance received by the taxpayer during the taxable year from a qualified community foundation if the taxpayer is a qualified worker. Effective immediately.

Spectrum: Moderate Partisan Bill (Democrat 24-4)

Status: (Introduced) 2024-05-22 - Added Chief Co-Sponsor Rep. Joe C. Sosnowski [HB4736 Detail]

Text: Latest bill text (Introduced) [HTML]

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