Bill Status of HB 4435   103rd General Assembly


Short Description:  INC TX-STUDENT LOAN REPAYMENT

House Sponsors
Rep. Katie Stuart

Last Action  View All Actions

DateChamber Action
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 5/203

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 
DateChamber Action
  1/12/2024HouseFiled with the Clerk by Rep. Katie Stuart
  1/16/2024HouseFirst Reading
  1/16/2024HouseReferred to Rules Committee
  2/14/2024HouseAssigned to Revenue & Finance Committee
  3/8/2024HouseTo Revenue-Income Tax Subcommittee
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

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