INC TX-STUDENT LOAN House SponsorsRep. Karina Villa-Terra Costa Howard-Robyn Gabel-Mary Edly-Allen-Monica Bristow, Jonathan Carroll, Barbara Hernandez and Lindsey LaPointe 1/13/2021HouseSession Sine Die 35 ILCS 5/229 new Amends the Illinois Income Tax Act. Provides that a taxpayer who has incurred at least $20,000 in undergraduate student loan debt and has at least $5,000 in outstanding undergraduate student loan debt at the time of the application is entitled to a credit as awarded by the Department of Revenue. Provides that Department of Revenue that the amount of the credit shall not exceed $ 5,000 per taxpayer. Provides that the total amount of credits approved by the Department of Revenue under the provisions of the amendatory Act may not exceed $5,000,000 in any taxable year. Contains recapture provisions. Effective immediately. 2/15/2019HouseFiled with the Clerk by Rep. Karina Villa 2/15/2019HouseFirst Reading 2/15/2019HouseReferred to Rules Committee 3/5/2019HouseAssigned to Revenue & Finance Committee 3/12/2019HouseAdded Chief Co-Sponsor Rep. Terra Costa Howard 3/12/2019HouseAdded Chief Co-Sponsor Rep. Robyn Gabel 3/12/2019HouseAdded Chief Co-Sponsor Rep. Mary Edly-Allen 3/12/2019HouseAdded Chief Co-Sponsor Rep. Monica Bristow 3/14/2019HouseTo Income Tax Subcommittee 3/25/2019HouseAdded Co-Sponsor Rep. Jonathan Carroll 3/29/2019HouseRule 19(a) / Re-referred to Rules Committee 4/11/2019HouseAdded Co-Sponsor Rep. Barbara Hernandez 8/7/2019HouseAdded Co-Sponsor Rep. Lindsey LaPointe 1/13/2021HouseSession Sine Die