INC TX-STUDENT LOANS Senate SponsorsSen. Michael W. Frerichs 1/13/2015SenateSession Sine Die 35 ILCS 5/203from Ch. 120, par. 2-203Amends the Illinois Income Tax Act. Creates a deduction in an amount equal to the difference between the total amount of interest paid by the taxpayer during the taxable year on any qualified education loan and the amount of the deduction claimed by the taxpayer under a provision of the Internal Revenue Code for the same loan. Provides that the deduction is exempt from the Act's automatic sunset provision. Effective immediately. 2/14/2014SenateFiled with Secretary by Sen. Michael W. Frerichs 2/14/2014SenateFirst Reading 2/14/2014SenateReferred to Assignments 2/25/2014SenateAssigned to Revenue 2/27/2014SenateTo Subcommittee on Tax Credits 3/28/2014SenateRule 3-9(a) / Re-referred to Assignments 1/13/2015SenateSession Sine Die