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IL HB4830

Bill

Status

Failed

1/8/2019

Primary Sponsor

Jeanne Ives

Click for details

Origin

House of Representatives

100th General Assembly

AI Summary

  • Increases maximum education expense credit from $750 to $1,500 for tax years ending on or after December 31, 2018.

  • Adds athletic fees and driver's education fees to qualified education expenses eligible for the credit.

  • Adds fees and costs associated with out-of-school activities in language acquisition, music, arts, trade skills, and STEM learning as qualified education expenses.

  • Maintains existing credit structure of 25% of qualified education expenses, with $250 threshold per qualifying pupil.

  • 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