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IL HB4830
Bill
Status
Failed
1/8/2019
Primary Sponsor
Jeanne Ives
Click for details
AI Summary
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Increases maximum education expense credit from $750 to $1,500 for tax years ending on or after December 31, 2018.
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Adds athletic fees and driver's education fees to qualified education expenses eligible for the credit.
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Adds fees and costs associated with out-of-school activities in language acquisition, music, arts, trade skills, and STEM learning as qualified education expenses.
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Maintains existing credit structure of 25% of qualified education expenses, with $250 threshold per qualifying pupil.
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Effective immediately upon becoming law.
Legislative Description
INC TX-EDUCATION CREDIT
Last Action
Session Sine Die
1/8/2019
Committee Referrals
Rules4/13/2018
Income Tax4/12/2018
Revenue & Finance3/21/2018
Rules2/14/2018
Full Bill Text
No bill text available