Illinois 101st Regular Session Status: Died 4 D cosponsors

HB 2973 — INC TAX-STUDENT LOAN

Last action — House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. Died in session

This bill died with 101st Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Amends the Illinois Income Tax Act. Provides that a taxpayer who (i) has an associate's degree, a bachelor's degree, or a graduate degree from an institution of higher education accredited by the U.S. Department of Education, (ii) has annual student loan repayment expenses, and (iii) is employed full-time in the State, or has an offer of full-time employment in the State, in one or more of the specified science and technology fields is eligible for an income tax credit equal to the taxpayer's student loan repayment expenses for the taxable year, but not to exceed a maximum credit limit. Effective immediately.

Bill Text

Action History

  1. House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee

  2. Rule 19(b) / Re-referred to Rules Committee

  3. To Income Tax Subcommittee

  4. House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee

  5. Assigned to Revenue & Finance Committee

  6. Added Co-Sponsor Rep. Jawaharial Williams

  7. House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee

  8. Rule 19(a) / Re-referred to Rules Committee

  9. House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee

  10. House Committee Amendment No. 1 Referred to Rules Committee

  11. House Committee Amendment No. 1 Filed with Clerk by Rep. Mark L. Walker

  12. Added Co-Sponsor Rep. Jennifer Gong-Gershowitz

  13. Added Co-Sponsor Rep. Sam Yingling

  14. Added Co-Sponsor Rep. Daniel Didech

  15. Added Co-Sponsor Rep. Karina Villa

  16. Added Co-Sponsor Rep. Jonathan Carroll

  17. To Income Tax Subcommittee

  18. Assigned to Revenue & Finance Committee

  19. Referred to Rules Committee

  20. First Reading

  21. Filed with the Clerk by Rep. Mark L. Walker

Sponsors

Sponsorship breakdown

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0 sponsors · 7 co-sponsors · 176 not signed on

Sponsors (0)

None.

Co-sponsors (7)

Not signed on (176)

176 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation education
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Frequently asked questions

What does HB 2973 do?
Amends the Illinois Income Tax Act. Provides that a taxpayer who (i) has an associate's degree, a bachelor's degree, or a graduate degree from an institution of higher education accredited by the U.S. Department of Education, (ii) has annual student loan repayment expenses, and (iii) is employed full-time in the State, or has an offer of full-time employment in the State, in one or more of the specified science and technology fields is eligible for an income tax credit equal to the taxpayer's student loan repayment expenses for the taxable year, but not to exceed a maximum credit limit. Effective immediately.
Who sponsors HB 2973?
HB 2973 is sponsored by Mark L. Walker (Democrat), Jonathan Carroll, Karina Villa, Daniel Didech (Democrat), Sam Yingling, Jennifer Gong-Gershowitz (Democrat), and Jawaharial Williams (Democrat).
What is the current status of HB 2973?
This bill died with 101st Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 2973?
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