Bill Texts: IL SB3157 | 2017-2018 | 100th General Assembly

Bill Title: Amends the Illinois Income Tax Act. Provides that each qualified teacher is entitled to an income tax credit in an aggregate amount equal to 50% of the tuition costs incurred by that teacher at a public university in the State. Provides that each qualified teacher may take no more than 20% of his or her aggregate credit amount in any taxable year. Provides that the term "qualified teacher" means an individual who (i) graduated from a public university in the State, (ii) is employed as a teacher in this State during the taxable year, and (iii) has been employed as a teacher in the State for at least 5 consecutive years as of the first day of the taxable year. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2019-01-09 - Session Sine Die [SB3157 Detail]

Bill Drafts

RevisionDateFormatSourceView
Introduced2018-02-16HTML/TextLinkView

Amendments

AmendmentDateDispositionFormatSourceView
Senate Amendment 0012018-04-06ProposedHTML/TextLinkView

Supplemental Documents

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No supplemental documents for Illinois SB3157 currently on file.

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