HB4522 - 104th General Assembly

INC TX-STUDENT LOAN REPAYMENT
Last Action
2/26/2026 - House: To Tax Policy: Income Tax Subcommittee
House Sponsors
Rep. Katie Stuart
Statutes Amended In Order of Appearance
35 ILCS 5/203from Ch. 120, par. 2-203
Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax deduction for any amounts paid by the taxpayer's employer on behalf of the taxpayer as part of an educational assistance program. Creates an income tax deduction for any amounts paid by the taxpayer on behalf of an employee of the taxpayer as part of an educational assistance program. Provides that the deductions are limited to the first $5,250 of such assistance so furnished to any individual. Effective immediately.
Actions
Date Chamber Action
1/21/2026 House Filed with the Clerk by Rep. Katie Stuart
1/26/2026 House First Reading
1/26/2026 House Referred to Rules Committee
2/17/2026 House Assigned to Revenue & Finance Committee
2/26/2026 House To Tax Policy: Income Tax Subcommittee