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<xml>
<title>Illinois General Assembly - Bill Status for SB 340          </title>
<shortdesc>INC TX-STUDENT ASSISTANCE</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Mattie Hunter and Chapin Rose</sponsors>
<sponsorhead2>House Sponsors</sponsorhead2><altsponsors>(Rep. Lindsey LaPointe)</altsponsors>
</sponsor>
<lastaction>
<statusdate>8/6/2021</statusdate><chamber>Senate</chamber><action>Public Act . . . . . . . . . 102-0289</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/218</reference><aliasreference></aliasreference><SynopsisText>Amends the Illinois Income Tax Act. Provides that the credit for student-assistance contributions sunsets on December 31, 2031 (currently, December 30, 2021). Provides that, for taxable years ending on or after December 31, 2021, the maximum student-assistance credit is $1,000 per contributing employee per taxable year (currently, $500). Effective immediately.</SynopsisText><synopsistitle>House Floor Amendment No. 1</synopsistitle>
<SynopsisText>Makes changes to the engrossed bill to provide that the credit for student-assistance contributions sunsets on December 31, 2024 (currently, December 30, 2021; in the engrossed bill, December 31, 2031). Removes provisions increasing the maximum student-assistance credit to $1,000 per contributing employee.</SynopsisText></synopsis>
<actions>
<statusdate>2/19/2021</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Mattie Hunter</action>
<statusdate>2/19/2021</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/19/2021</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>3/3/2021</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>4/15/2021</statusdate><chamber>Senate</chamber><action>Do Pass Revenue;  008-000-000</action>
<statusdate>4/15/2021</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading April 20, 2021</action>
<statusdate>4/20/2021</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>4/20/2021</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading ** April 21, 2021</action>
<statusdate>4/21/2021</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Chapin Rose</action>
<statusdate>4/23/2021</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 058-000-000</action>
<statusdate>4/26/2021</statusdate><chamber>House</chamber><action>Arrived in House</action>
<statusdate>4/26/2021</statusdate><chamber>House</chamber><action>Chief House Sponsor Rep. Lindsey LaPointe</action>
<statusdate>4/27/2021</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>4/27/2021</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>5/4/2021</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>5/13/2021</statusdate><chamber>House</chamber><action>Do Pass / Short Debate Revenue &amp; Finance Committee;  018-000-000</action>
<statusdate>5/13/2021</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
<statusdate>5/14/2021</statusdate><chamber>House</chamber><action>House Floor Amendment No. 1 Filed with Clerk by Rep. Lindsey LaPointe</action>
<statusdate>5/14/2021</statusdate><chamber>House</chamber><action>House Floor Amendment No. 1 Referred to Rules Committee</action>
<statusdate>5/18/2021</statusdate><chamber>House</chamber><action>House Floor Amendment No. 1 Recommends Be Adopted Rules Committee;  003-001-000</action>
<statusdate>5/19/2021</statusdate><chamber>House</chamber><action>House Floor Amendment No. 1 Adopted</action>
<statusdate>5/19/2021</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>5/19/2021</statusdate><chamber>House</chamber><action>Placed on Calendar Order of 3rd Reading - Short Debate</action>
<statusdate>5/20/2021</statusdate><chamber>House</chamber><action>Third Reading - Short Debate - Passed 117-000-000</action>
<statusdate>5/21/2021</statusdate><chamber>Senate</chamber><action>Secretary's Desk - Concurrence House Amendment(s) 1</action>
<statusdate>5/21/2021</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of Concurrence House Amendment(s) 1 -  May 24, 2021</action>
<statusdate>5/25/2021</statusdate><chamber>Senate</chamber><action>House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Mattie Hunter</action>
<statusdate>5/25/2021</statusdate><chamber>Senate</chamber><action>House Floor Amendment No. 1 Motion to Concur Referred to Assignments</action>
<statusdate>5/25/2021</statusdate><chamber>Senate</chamber><action>House Floor Amendment No. 1 Motion to Concur Assignments Referred to Revenue</action>
<statusdate>5/27/2021</statusdate><chamber>Senate</chamber><action>House Floor Amendment No. 1 Motion To Concur Recommended Do Adopt Revenue;  010-000-000</action>
<statusdate>5/30/2021</statusdate><chamber>Senate</chamber><action>House Floor Amendment No. 1 Senate Concurs 059-000-000</action>
<statusdate>5/30/2021</statusdate><chamber>Senate</chamber><action>Senate Concurs</action>
<statusdate>5/30/2021</statusdate><chamber>Senate</chamber><action>Passed Both Houses</action>
<statusdate>6/28/2021</statusdate><chamber>Senate</chamber><action>Sent to the Governor</action>
<statusdate>8/6/2021</statusdate><chamber>Senate</chamber><action>Governor Approved</action>
<statusdate>8/6/2021</statusdate><chamber>Senate</chamber><action>Effective Date August 6, 2021</action>
<statusdate>8/6/2021</statusdate><chamber>Senate</chamber><action>Public Act . . . . . . . . . 102-0289</action>
</actions>
</xml>

