SB 1313 — INC TX-STUDENT LOAN REPAYMENT
Last action — Rule 3-9(a) / Re-referred to Assignments
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✓Introduced
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2In Committee
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3Passed Senate
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4Passed House
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5To Executive
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6Enacted
This bill died with 103rd 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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. 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.
Bill Text
- Introduced View text Current pdf
AI-generated reading aid from the bill's amendatory text — verify against the official bill.
The bill creates new income tax deductions for employer-provided educational assistance and for taxpayer-paid assistance to employees, both capped at $5,250.
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35 ILCS 5/203
The adjustments to base income shall include a deduction for amounts paid by the taxpayer's employer on behalf of the taxpayer as part of an educational assistance program and for amounts paid by the taxpayer on behalf of an employee of the taxpayer as part of an educational assistance program, limited to the first $5,250 of such assistance.
This adds new deductions for educational assistance payments to the income tax regulations.
Action History
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Rule 3-9(a) / Re-referred to Assignments
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Re-assigned to Revenue
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Rule 3-9(a) / Re-referred to Assignments
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Assigned to Revenue
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Added as Chief Co-Sponsor Sen. Paul Faraci
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Referred to Assignments
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First Reading
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Filed with Secretary by Sen. Meg Loughran Cappel
Sponsors
- Paul Faraci · Cosponsor
- Meg Loughran Cappel · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 1 co-sponsors · 181 not signed on
Sponsors (1)
- Meg Loughran Cappel Democrat
Co-sponsors (1)
- Paul Faraci Democrat
Not signed on (181)
181 members have not signed on to this bill.
Show all 181 →"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.
Subjects
Frequently asked questions
- What does SB 1313 do?
- 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.
- Who sponsors SB 1313?
- SB 1313 is sponsored by Paul Faraci (Democrat) and Meg Loughran Cappel (Democrat).
- What is the current status of SB 1313?
- This bill died with 103rd 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 SB 1313?
- Track SB 1313 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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