Bill Title: Amends the Illinois Income Tax Act. Creates a deduction for any amount included in the taxpayer's federal adjusted gross income as a result of discharge of student loan indebtedness. Creates an income tax credit for qualified higher education expenses incurred during the taxable year by or on behalf of a qualifying public university student or community college student. Creates an income tax credit for qualified higher education expenses incurred during the taxable year by the parent or guardian of a qualified apprentice, trade, or vocational student. Effective immediately.

Spectrum: Bipartisan Bill

Status: (Introduced) 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee [HB5210 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2024-02-08	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB5210

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB5210 currently on file.

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