Bill Status of HB 5210   103rd General Assembly

Short Description:  INC TX-HIGHER EDUCATION CREDIT

House Sponsors
Rep. Jay Hoffman-Michael J. Coffey, Jr.

Last Action  View All Actions

DateChamber Action
  1/7/2025HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/203
35 ILCS 5/231
35 ILCS 5/231.1 new
35 ILCS 5/241 new

Synopsis As Introduced
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.

Actions 
DateChamber Action
  2/8/2024HouseFiled with the Clerk by Rep. Jay Hoffman
  2/8/2024HouseAdded Chief Co-Sponsor Rep. Michael J. Coffey, Jr.
  2/9/2024HouseFirst Reading
  2/9/2024HouseReferred to Rules Committee
  2/28/2024HouseAssigned to Revenue & Finance Committee
  3/8/2024HouseTo Revenue-Income Tax Subcommittee
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee
  1/7/2025HouseSession Sine Die

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