Bill Status of HB4604 101st General Assembly
Short Description: INC TX-STUDENT ASSISTANCE
Rep. Lindsey LaPointe, Deb Conroy, Terra Costa Howard and Jonathan "Yoni" Pizer
| 1/13/2021||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that the credit for student-assistance contributions sunsets on December 31, 2030 (currently, December 30, 2020). Provides that, for taxable years ending on or after December 31, 2020, the maximum student-assistance credit is $1,000 per contributing employee per taxable year (currently, $500). Effective immediately.