Illinois General Assembly - Bill Status for SB1471
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 Bill Status of SB1471  101st General Assembly

Short Description:  INC TX-STUDENT CREDIT

Senate Sponsors
Sen. Jil Tracy - Julie A. Morrison, Scott M. Bennett, Elgie R. Sims, Jr. and Laura M. Murphy

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

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

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that each eligible student is entitled to a refundable income tax credit in an amount equal to $500. Provides that, if the eligible student may be claimed as a dependent on another taxpayer's return, then the taxpayer claiming the eligible student may claim the credit; however, only one taxpayer may claim the credit for any particular student. Effective immediately.

DateChamber Action
  2/13/2019SenateFiled with Secretary by Sen. Jil Tracy
  2/13/2019SenateFirst Reading
  2/13/2019SenateReferred to Assignments
  2/20/2019SenateAssigned to Revenue
  3/5/2019SenateAdded as Co-Sponsor Sen. Scott M. Bennett
  3/5/2019SenateAdded as Chief Co-Sponsor Sen. Julie A. Morrison
  3/6/2019SenateTo Subcommittee on Tax Exemptions and Credits
  3/7/2019SenateAdded as Co-Sponsor Sen. Elgie R. Sims, Jr.
  3/7/2019SenateAdded as Co-Sponsor Sen. Laura M. Murphy
  3/22/2019SenateRule 3-9(a) / Re-referred to Assignments
  1/13/2021SenateSession Sine Die

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