MADIGAN,MJ-PHELPS-ERWIN-GIGLIO-GILES, BOLAND, CAPPARELLI, CURRIE, CURRY,JULIE, DAVIS,STEVE, GASH, GRANBERG, HARTKE, HOLBROOK, HOWARD, KENNER, LANG, MAUTINO, MCGUIRE, MCKEON, NOVAK, PUGH, RONEN, SANTIAGO, SCOTT, SILVA, SLONE, WOOLARD, YOUNGE, DAVIS,MONIQUE, FLOWERS, BROSNAHAN, O'BRIEN, CROTTY, BRUNSVOLD, JONES,LOU, SCULLY, MCCARTHY, ACEVEDO, FANTIN, FRITCHEY AND SMITH,MICHAEL. (CRONIN-WELCH-SEVERNS-HALVORSON-LINK) 35 ILCS 5/211 new Amends the Illinois Income Tax Act to create an income tax credit for a taxpayer with an adjusted gross income of less than $100,000 in an amount not to exceed $500 for amounts spent during the taxable year for the tuition and fees of the taxpayer and any dependent of the taxpayer engaged in full-time or part-time undergraduate studies at any public or private college, university, or community college located in Illinois. Provides that this credit is not available to individuals whose tuition or fees are reimbursed by their employers. Provides that the credit may not reduce the taxpayer's income tax liability to less than zero. Applicable to tax years ending on or after December 31, 1997. Sunsets the credit after 10 years. Effective immediately. HOUSE AMENDMENT NO. 1. Provides that the credit shall be in an amount not to exceed the lesser of $500 or 50% of the actual costs of amounts spent for tuition and fees (now the credit is not to exceed $500). Provides that the credit shall not be available to individuals whose tuition or fees are reimbursed by the Illinois Student Assistance Commission's Monetary Award Program. FISCAL NOTE (Dept. of Revenue) Estimated annual cost of HB400 is $169 million. STATE MANDATES FISCAL NOTE In the opinion of DCCA, HB 400 fails to create a State mandate. FISCAL NOTE, H-AM 1 (Dept. of Revenue) No change from previous fiscal note. 97-01-30 H FIRST READING 97-01-30 H ADDED AS A JOINT SPONSOR PHELPS 97-01-30 H ADDED AS A CO-SPONSOR ERWIN 97-01-30 H ADDED AS A CO-SPONSOR GIGLIO 97-01-30 H ADDED AS A CO-SPONSOR GILES 97-01-30 H ADDED AS A CO-SPONSOR BOLAND 97-01-30 H ADDED AS A CO-SPONSOR BUGIELSKI 97-01-30 H ADDED AS A CO-SPONSOR CAPPARELLI 97-01-30 H ADDED AS A CO-SPONSOR CURRIE 97-01-30 H ADDED AS A CO-SPONSOR CURRY,JULIE 97-01-30 H ADDED AS A CO-SPONSOR DAVIS,STEVE 97-01-30 H ADDED AS A CO-SPONSOR FEIGENHOLTZ 97-01-30 H ADDED AS A CO-SPONSOR GASH 97-01-30 H ADDED AS A CO-SPONSOR GRANBERG 97-01-30 H ADDED AS A CO-SPONSOR HARTKE 97-01-30 H ADDED AS A CO-SPONSOR HOLBROOK 97-01-30 H ADDED AS A CO-SPONSOR HOWARD 97-01-30 H ADDED AS A CO-SPONSOR KENNER 97-01-30 H ADDED AS A CO-SPONSOR LANG 97-01-30 H ADDED AS A CO-SPONSOR LOPEZ 97-01-30 H ADDED AS A CO-SPONSOR MAUTINO 97-01-30 H ADDED AS A CO-SPONSOR MCGUIRE 97-01-30 H ADDED AS A CO-SPONSOR MCKEON 97-01-30 H ADDED AS A CO-SPONSOR NOVAK 97-01-30 H ADDED AS A CO-SPONSOR PUGH 97-01-30 H ADDED AS A CO-SPONSOR RONEN 97-01-30 H ADDED AS A CO-SPONSOR SANTIAGO 97-01-30 H ADDED AS A CO-SPONSOR SCHAKOWSKY 97-01-30 H ADDED AS A CO-SPONSOR SCOTT 97-01-30 H ADDED AS A CO-SPONSOR SILVA 97-01-30 H ADDED AS A CO-SPONSOR SLONE 97-01-30 H ADDED AS A CO-SPONSOR WOOLARD 97-01-30 H ADDED AS A CO-SPONSOR YOUNGE 97-01-30 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-01-31 H ADDED AS A CO-SPONSOR DAVIS,MONIQUE 97-01-31 H ADDED AS A CO-SPONSOR DART 97-01-31 H ADDED AS A CO-SPONSOR FLOWERS 97-02-05 H ADDED AS A CO-SPONSOR BROSNAHAN 97-02-05 H ADDED AS A CO-SPONSOR O'BRIEN 97-02-05 H ADDED AS A CO-SPONSOR CROTTY 97-02-05 H ADDED AS A CO-SPONSOR BRUNSVOLD 97-02-05 H ASSIGNED TO COMMITTEE HIGHER ED 97-02-06 H ADDED AS A CO-SPONSOR JONES,LOU 97-02-27 H ADDED AS A CO-SPONSOR HANNIG 97-02-28 H AMENDMENT NO. 01-HIGHER ED H 97-02-28 H ADOPTED 97-02-28 H DO PASS AS AMENDED/STANDARD DEBATE 015-000-000 HHED 97-02-28 H PLACED CAL 2ND READING-STANDARD DEBATE 97-02-28 H FISCAL NOTE REQUESTED WIRSING 97-02-28 H STATE MANDATES FISCAL NOTE REQUESTED WIRSING 97-02-28 H CALENDAR ORDER 2ND READING-STANDARD DBT 97-02-28 H ADDED AS A CO-SPONSOR SCULLY 97-02-28 H ADDED AS A CO-SPONSOR MCCARTHY 97-03-04 H FISCAL NOTE FILED 97-03-04 H CALENDAR ORDER 2ND READING-STANDARD DBT 97-03-04 H ADDED AS A CO-SPONSOR ACEVEDO 97-03-04 H ADDED AS A CO-SPONSOR FANTIN 97-03-06 H STATE MANDATES FISCAL NOTE FILED 97-03-06 H CALENDAR ORDER 2ND READING-STANDARD DBT 97-03-11 H SECOND READING-STANDARD DEBATE 97-03-11 H PLCD CAL ORDER 3RD READING-STNDRD DEBATE 97-03-19 H FISCAL NOTE FILED AS AMENDED 97-03-19 H CALENDAR ORDER 3RD READING-STNDRD DEBATE 97-03-20 H ADDED AS A CO-SPONSOR FRITCHEY 97-03-20 H ADDED AS A CO-SPONSOR SMITH,MICHAEL 97-04-10 H THIRD READING/STANDARD DEBATE/PASS 116-000-000 97-04-11 S ARRIVE IN SENATE 97-04-11 S CHIEF SPONSOR CRONIN 97-04-11 S PLACED CALENDAR ORDER OF FIRST READING 97-04-11 S ADDED AS A CHIEF CO-SPONSOR WELCH 97-04-11 S ADDED AS A CHIEF CO-SPONSOR SEVERNS 97-04-11 S ADDED AS A CHIEF CO-SPONSOR HALVORSON 97-04-11 S ADDED AS A CHIEF CO-SPONSOR LINK 97-04-11 S FIRST READING 97-04-11 S REFERRED TO SENATE RULES COMMITTEE RULES 97-04-14 S ADDED AS A CO-SPONSOR BERMAN 97-04-15 S ADDED AS A CO-SPONSOR SHADID 97-04-15 S ADDED AS A CO-SPONSOR REA 97-04-15 S ADDED AS A CO-SPONSOR FARLEY 97-04-15 S ADDED AS A CO-SPONSOR TROTTER 97-04-15 S ADDED AS A CO-SPONSOR BOWLES 97-04-16 S ADDED AS A CO-SPONSOR O'DANIEL 97-04-16 S ADDED AS A CO-SPONSOR OBAMA 97-04-23 S ADDED AS A CO-SPONSOR CLAYBORNE 97-04-24 S ADDED AS A CO-SPONSOR CARROLL 97-04-24 S ADDED AS A CO-SPONSOR DILLARD 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary