House Sponsors: SCULLY. Short description: INC TX CR-TUITION-IL COLL-UNIV Synopsis of Bill as introduced: Amends the Illinois Income Tax Act to create an income tax credit for a taxpayer with an adjusted gross income of less than $100,000 in an amount not to exceed $500 for amounts spent during the taxable year for the tuition and fees of the taxpayer and any dependent of the taxpayer engaged in full-time or part-time undergraduate studies at any public or private college, university, or community college located in Illinois. Provides that this credit is not available to individuals whose tuition or fees are reimbursed by their employers. Provides that the credit may not reduce the taxpayer's income tax liability to less than zero. Applicable to tax years ending on or after December 31, 1999. Sunsets the credit after 10 years. Effective immediately. 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