House Sponsors: MCCARTHY-DURKIN-WOJCIK-MADIGAN,MJ-BROSNAHAN, BIGGINS, LOPEZ, BERGMAN, ZICKUS, COWLISHAW, DART, LYONS,EILEEN, BURKE, BRADLEY, JOHNSON,TOM, FRITCHEY, BUGIELSKI AND BOLAND. Senate Sponsors: CRONIN-VIVERITO-DELEO-PARKER-WALSH,T Short description: INC TX-EDUCATION EXPENSE CR Synopsis of Bill as introduced: Amends the Illinois Income Tax Act. Provides that beginning with tax years ending after December 31, 1997, a taxpayer who is the custodian of a qualified pupil shall be allowed an income tax credit equal to $500 per pupil for qualified education expenses. Provides that any credit in excess of the tax liability shall be refunded to the taxpayer. Provides that the pupil must be (i) a resident of Illinois, (ii) under 21 years of age at the close of the school year for which the credit is sought, and (iii) a full-time pupil enrolled in a kindergarten through twelfth grade education program at any public or nonpublic elementary school that meets certain standards. Provides that qualified education expenses are costs in excess of $250 that are incurred on behalf of the pupil for services at the school. Provides that the credit is available to the parent, parents, or legal guardian of the pupil. Exempts the credit from the sunset provisions. HOUSE AMENDMENT NO. 1. Provides that the credit shall be equal to 25% of qualified education expenses, but in no event may the total credit claimed by a family that is the custodian of one or more qualifying pupils exceed $500 (now the credit is equal to $500 per elementary or secondary school pupil). Provides that qualified education expenses are amounts in excess of $250 spent for tuition, book fees, and lab fees at the school in which the pupil is enrolled during the regular school year (now amounts in excess of $250 for services at the school). Makes other changes. STATE MANDATES FISCAL NOTE, H-AM 1 HB999, with H-am 1, fails to create a State mandate. FISCAL NOTE, H-AM 1 (Dept. of Revenue) The negative fiscal impact of HB 999 is indeterminable. Last action on Bill: TOTAL VETO STANDS Last action date: 98-01-21 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status