INC TX-PERSONAL INTEREST Senate SponsorsSen. Laura M. Murphy 1/9/2019SenateSession Sine Die 35 ILCS 5/224 newAmends the Illinois Income Tax Act. Creates a credit in an amount equal to the amount of personal interest paid by an individual taxpayer during the taxable year. Provides that the term "personal interest" means interest paid on personal and consumer loans that is not deductible when calculating the taxpayer's federal adjusted gross income. Effective immediately. 2/9/2017SenateFiled with Secretary by Sen. Laura M. Murphy 2/9/2017SenateFirst Reading 2/9/2017SenateReferred to Assignments 1/9/2019SenateSession Sine Die