91st General Assembly
Summary of HB1421
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House Sponsors:
COWLISHAW.

Short description: 
INC TX-EDUCATION EXPENSE CR                                                

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act.  Provides that beginning with      
   tax years ending after December  31,  1998,  a  taxpayer  who  is  the      
   custodian  of  a qualified pupil shall be allowed an income tax credit      
   for qualified education expenses.  Provides that any credit in  excess      
   of the tax liability shall be refunded to the taxpayer.  Provides that      
   the  pupil  must be (i) a resident of Illinois, (ii) under 21 years of      
   age at the close of the school year for which the  credit  is  sought,      
   and (iii) a full-time pupil enrolled in a kindergarten through twelfth      
   grade  education  program at any public or nonpublic elementary school      
   that meets  certain  standards.   Provides  that  qualified  education      
   expenses  are  costs  in excess of $250 that are incurred on behalf of      
   the pupil for  tuition,  book  fees,  and  lab  fees  at  the  school.      
   Provides that the credit is available to the parent, parents, or legal      
   guardian of the pupil.  Exempts the credit from the sunset provisions.      
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status