Bill Status of HB 1752   104th General Assembly


Short Description:  INC TX-STUDENT LOAN REPAYMENT

House Sponsors
Rep. Brad Stephens

Last Action  View All Actions

DateChamber Action
  1/28/2025HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 5/203from Ch. 120, par. 2-203

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax deduction for any amounts paid by the taxpayer's employer on behalf of the taxpayer as part of an educational assistance program. Creates an income tax deduction for any amounts paid by the taxpayer on behalf of an employee of the taxpayer as part of an educational assistance program. Provides that the deductions are limited to the first $5,250 of such assistance so furnished to any individual. Effective immediately.

Actions 
DateChamber Action
  1/24/2025HouseFiled with the Clerk by Rep. Brad Stephens
  1/28/2025HouseFirst Reading
  1/28/2025HouseReferred to Rules Committee

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