Bill Status of SB 72   104th General Assembly

Short Description:  INCOME TAX-TUITION CREDIT

Senate Sponsors
Sen. Laura M. Murphy

Last Action  View All Actions

DateChamber Action
  1/22/2025SenateAssigned to Revenue

Statutes Amended In Order of Appearance
35 ILCS 5/246 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that a taxpayer who may claim a qualifying student as a dependent is allowed a credit of up to $2,000 for qualified tuition and fee expenses paid by the taxpayer. Provides that the term qualifying student means a person who (i) is a resident of the State, (ii) is under the age of 24 at the close of the school year for which a credit is sought, and (iii) during the school year for which a credit is sought, is a full-time student enrolled in a program at a qualifying college or university. Effective immediately.

Actions 
DateChamber Action
  1/13/2025SenateFiled with Secretary by Sen. Laura M. Murphy
  1/13/2025SenateFirst Reading
  1/13/2025SenateReferred to Assignments
  1/22/2025SenateAssigned to Revenue

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