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IL HB4522

Bill

Official Source

Status

Introduced

1/21/2026

Primary Sponsor

Katie Stuart

Click for details

Origin

House of Representatives

104th General Assembly

AI Summary

  • Amends the Illinois Income Tax Act to create an income tax deduction for employees who receive educational assistance payments from their employer, such as student loan repayment benefits
  • Creates a corresponding income tax deduction for employers who make educational assistance payments on behalf of their employees
  • Limits both deductions to the first $5,250 of educational assistance provided to any individual per year
  • Introduced by Rep. Katie Stuart in the 104th General Assembly (2025-2026 session)
  • Takes effect immediately upon becoming law

Legislative Description

INC TX-STUDENT LOAN REPAYMENT

Last Action

To Tax Policy: Income Tax Subcommittee

2/26/2026

Committee Referrals

Tax Policy: Income Tax2/26/2026
Revenue & Finance2/17/2026
Rules1/26/2026

Full Bill Text

No bill text available