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Amends the Illinois Income Tax Act. Provides that the maximum amount of the credit for instructional materials and supplies is $1,000 for taxable years beginning on or after January 1, 2025 (currently, $500). Effective immediately.
Introduced
Jan 9, 2025
Last Action
Mar 21, 2025
Session
IL 104th
Sponsors
1 primary · 0 co
Rule 19(a) / Re-referred to Rules Committee
Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 006-000-000
Reported Back To Revenue & Finance Committee;
To Income Tax Subcommittee
Assigned to Revenue & Finance Committee
Referred to Rules Committee
First Reading
Prefiled with Clerk by Rep. Rita Mayfield
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Rule 19(a) / Re-referred to Rules Committee