Illinois General Assembly - Bill Status for SB3260
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 Bill Status of SB3260  98th General Assembly

Short Description:  INC TX-STUDENT LOANS

Senate Sponsors
Sen. Michael W. Frerichs

Last Action
DateChamber Action
  1/13/2015SenateSession Sine Die

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 a deduction in an amount equal to the difference between the total amount of interest paid by the taxpayer during the taxable year on any qualified education loan and the amount of the deduction claimed by the taxpayer under a provision of the Internal Revenue Code for the same loan. Provides that the deduction is exempt from the Act's automatic sunset provision. Effective immediately.

DateChamber Action
  2/14/2014SenateFiled with Secretary by Sen. Michael W. Frerichs
  2/14/2014SenateFirst Reading
  2/14/2014SenateReferred to Assignments
  2/25/2014SenateAssigned to Revenue
  2/27/2014SenateTo Subcommittee on Tax Credits
  3/28/2014SenateRule 3-9(a) / Re-referred to Assignments
  1/13/2015SenateSession Sine Die

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