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IL HB2979
Bill
Status
2/18/2021
Primary Sponsor
Thomas Morrison
Click for details
AI Summary
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Increases the maximum education expense tax credit from $500 to $1,500 per family for tax years ending on or after December 31, 2021
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Expands qualified education expenses to include athletic fees and driver's education fees at the student's enrolled school
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Adds fees and costs for out-of-school activities that increase student access to language acquisition, music, arts, trade skills, or STEM learning as qualifying expenses
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Credit equals 25% of qualified education expenses exceeding $250 per qualifying pupil enrolled in kindergarten through 12th grade
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Income limits remain in effect: $500,000 for joint filers and $250,000 for other taxpayers beginning in 2017
Legislative Description
INCOME TAX-EDUCATION CREDIT
Last Action
Added Co-Sponsor Rep. Amy Grant
12/29/2021