Illinois General Assembly - Bill Status for HB2973
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 Bill Status of HB2973  101st General Assembly


Short Description:  INC TAX-STUDENT LOAN

House Sponsors
Rep. Mark L. Walker, Jonathan Carroll, Karina Villa, Daniel Didech, Sam Yingling, Jennifer Gong-Gershowitz and Jawaharial Williams

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/229 new


Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that a taxpayer who (i) has an associate's degree, a bachelor's degree, or a graduate degree from an institution of higher education accredited by the U.S. Department of Education, (ii) has annual student loan repayment expenses, and (iii) is employed full-time in the State, or has an offer of full-time employment in the State, in one or more of the specified science and technology fields is eligible for an income tax credit equal to the taxpayer's student loan repayment expenses for the taxable year, but not to exceed a maximum credit limit. Effective immediately.

Actions 
DateChamber Action
  2/14/2019HouseFiled with the Clerk by Rep. Mark L. Walker
  2/14/2019HouseFirst Reading
  2/14/2019HouseReferred to Rules Committee
  2/26/2019HouseAssigned to Revenue & Finance Committee
  3/6/2019HouseTo Income Tax Subcommittee
  3/7/2019HouseAdded Co-Sponsor Rep. Jonathan Carroll
  3/7/2019HouseAdded Co-Sponsor Rep. Karina Villa
  3/7/2019HouseAdded Co-Sponsor Rep. Daniel Didech
  3/7/2019HouseAdded Co-Sponsor Rep. Sam Yingling
  3/7/2019HouseAdded Co-Sponsor Rep. Jennifer Gong-Gershowitz
  3/13/2019HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Mark L. Walker
  3/13/2019HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/19/2019HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  3/29/2019HouseRule 19(a) / Re-referred to Rules Committee
  3/29/2019HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
  8/5/2019HouseAdded Co-Sponsor Rep. Jawaharial Williams
  1/28/2020HouseAssigned to Revenue & Finance Committee
  1/28/2020HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  2/5/2020HouseTo Income Tax Subcommittee
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  6/23/2020HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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