INC TX-STUDENT LOAN CREDIT House SponsorsRep. John Connor 1/13/2021HouseSession Sine Die 35 ILCS 5/229 new Amends the Illinois Income Tax Act. Creates a credit for taxpayers who make a payment toward principal or interest on a qualified education loan, as defined in Section 221 of the Internal Revenue Code, during the taxable year. Provides that the credit shall be equal to the amount paid during the taxable year, but not to exceed $500 per taxable year. Effective immediately. 2/15/2019HouseFiled with the Clerk by Rep. John Connor 2/15/2019HouseFirst Reading 2/15/2019HouseReferred to Rules Committee 3/5/2019HouseAssigned to Revenue & Finance Committee 3/14/2019HouseTo Income Tax Subcommittee 3/29/2019HouseRule 19(a) / Re-referred to Rules Committee 1/13/2021HouseSession Sine Die