IllinoisHB4522104th General Assembly (2025–2026)House

INC TX-STUDENT LOAN REPAYMENT

Sponsored By: Katie Stuart (Democratic)

In Committee

Summary

Amends 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.

revenue & finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Katie Stuart

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Rule 19(a) / Re-referred to Rules Committee

    3/27/2026House
  2. To Tax Policy: Income Tax Subcommittee

    2/26/2026House
  3. Assigned to Revenue & Finance Committee

    2/17/2026House
  4. Referred to Rules Committee

    1/26/2026House
  5. First Reading

    1/26/2026House
  6. Filed with the Clerk by Rep. Katie Stuart

    1/21/2026House

Bill Text

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