Bill Status of HB 4090   96th General Assembly

Short Description:  INC TAX-HIGHER EDUCATION

House Sponsors
Rep. Mike Fortner-Mike Bost-Richard P. Myers-Michael G. Connelly-Rich Brauer, Michael W. Tryon, Michael P. McAuliffe, Jerry L. Mitchell, Jil Tracy, Bob Biggins, Timothy L. Schmitz, Mark H. Beaubien, Jr., Jim Watson, Randy Ramey, Jr., Elizabeth Coulson and Keith Farnham

Last Action  View All Actions

DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/218 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Authorizes a credit to individual taxpayers who are residents of Illinois for expenditures made by the taxpayer during the taxable year for qualified college tuition expenses paid for the taxpayer or a dependent of the taxpayer, as determined under the Act, for up to 4 years of college education for each eligible student attending an institution of higher education. The amount of the credit is equal to 25% of the qualified college tuition expenses, but not to exceed $2,500 per student per taxable year. If a taxpayer claims a credit for a dependent, then that dependent may not claim a credit on the dependent's return for that taxable year. Defines "qualified college tuition expenses" as the tuition required for the enrollment or attendance of an eligible student at an institution of higher education who is eligible to receive grants from the Monetary Award Program, except that tuition payments made through scholarships or other financial aid are excluded and tuition payments for post-baccalaureate or other graduate degrees are excluded. Provides that the credit may not reduce the taxpayer's liability to less than zero and may not be carried back or carried forward. Exempt from the Act's sunset provisions. Effective immediately.

Actions 
DateChamber Action
  2/27/2009HouseFiled with the Clerk by Rep. Mike Fortner
  2/27/2009HouseFirst Reading
  2/27/2009HouseReferred to Rules Committee
  3/3/2009HouseAdded Co-Sponsor Rep. Mike Bost
  3/3/2009HouseAdded Co-Sponsor Rep. Michael W. Tryon
  3/3/2009HouseAdded Co-Sponsor Rep. Michael P. McAuliffe
  3/3/2009HouseAdded Co-Sponsor Rep. Jerry L. Mitchell
  3/3/2009HouseAdded Co-Sponsor Rep. Jil Tracy
  3/3/2009HouseAdded Co-Sponsor Rep. Bob Biggins
  3/3/2009HouseAdded Co-Sponsor Rep. Timothy L. Schmitz
  3/3/2009HouseAdded Co-Sponsor Rep. Richard P. Myers
  3/3/2009HouseAdded Co-Sponsor Rep. Rich Brauer
  3/3/2009HouseAdded Co-Sponsor Rep. Mark H. Beaubien, Jr.
  3/3/2009HouseAdded Co-Sponsor Rep. Jim Watson
  3/3/2009HouseAdded Co-Sponsor Rep. Michael G. Connelly
  3/3/2009HouseAdded Co-Sponsor Rep. Randy Ramey, Jr.
  3/3/2009HouseRemoved Co-Sponsor Rep. Mike Bost
  3/3/2009HouseAdded Chief Co-Sponsor Rep. Mike Bost
  3/3/2009HouseRemoved Co-Sponsor Rep. Richard P. Myers
  3/3/2009HouseRemoved Co-Sponsor Rep. Rich Brauer
  3/3/2009HouseRemoved Co-Sponsor Rep. Michael G. Connelly
  3/3/2009HouseAdded Chief Co-Sponsor Rep. Richard P. Myers
  3/3/2009HouseAdded Chief Co-Sponsor Rep. Michael G. Connelly
  3/3/2009HouseAdded Chief Co-Sponsor Rep. Rich Brauer
  3/3/2009HouseAdded Co-Sponsor Rep. Elizabeth Coulson
  3/4/2009HouseAssigned to Revenue & Finance Committee
  3/11/2009HouseAdded Co-Sponsor Rep. Keith Farnham
  3/13/2009HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2011HouseSession Sine Die

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