INC TX-STUDENT LOAN REPAYMENT Senate SponsorsSen. Meg Loughran Cappel 6/2/2025SenateRule 3-9(a) / Re-referred to Assignments 35 ILCS 5/203Amends 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. 2/6/2025SenateFiled with Secretary by Sen. Meg Loughran Cappel 2/6/2025SenateFirst Reading 2/6/2025SenateReferred to Assignments 2/25/2025SenateAssigned to Revenue 3/21/2025SenateRule 2-10 Committee Deadline Established As April 11, 2025 4/11/2025SenateRule 2-10 Committee Deadline Established As May 9, 2025 5/9/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025 5/23/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025 6/2/2025SenateRule 3-9(a) / Re-referred to Assignments