IL HB2753

Increases the maximum education expense credit from $500 to $1,500 for tax years ending on or after December 31, 2019.

Expands qualified education expenses to include athletic fees, driver's education fees, and fees or costs associated with out-of-school activities in language acquisition, music, arts, trade skills, and STEM learning.

Maintains the 25% credit calculation on qualified education expenses and existing income limits ($500,000 for joint filers, $250,000 for others beginning in tax year 2017).

Retains the $250 expense threshold and applies to families with qualifying pupils under age 21 attending kindergarten through 12th grade in Illinois schools.

Takes effect immediately upon becoming law.