Loading chat...

IL HB2979

Bill

Status

Introduced

2/18/2021

Primary Sponsor

Thomas Morrison

Click for details

Origin

House of Representatives

102nd General Assembly

AI Summary

  • Increases the maximum education expense tax credit from $500 to $1,500 per family for tax years ending on or after December 31, 2021

  • Expands qualified education expenses to include athletic fees and driver's education fees at the student's enrolled school

  • 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

  • Credit equals 25% of qualified education expenses exceeding $250 per qualifying pupil enrolled in kindergarten through 12th grade

  • 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

Committee Referrals

Rules3/27/2021
Income Tax3/18/2021
Revenue & Finance3/9/2021
Rules2/19/2021

Full Bill Text

No bill text available