IL HB1752

Creates a state income tax deduction for employees who receive educational assistance from their employer as part of an educational assistance program under IRC Section 127

Creates a state income tax deduction for employers who pay educational assistance on behalf of their employees as part of an educational assistance program

Limits both deductions to the first $5,250 of educational assistance provided to any individual per year

Applies to taxable years beginning on or after January 1, 2026

Exempts these deductions from the sunset provisions of Section 250 of the Illinois Income Tax Act