INC TX-STUDENT LOAN REPAYMENT Senate SponsorsSen. Meg Loughran Cappel-Linda Holmes 1/10/2023SenateSession Sine Die 35 ILCS 5/203from Ch. 120, par. 2-203Amends 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 January 1, 2023. 1/19/2022SenateFiled with Secretary by Sen. Meg Loughran Cappel 1/19/2022SenateFirst Reading 1/19/2022SenateReferred to Assignments 2/1/2022SenateAssigned to Revenue 2/6/2022SenateAdded as Chief Co-Sponsor Sen. Linda Holmes 2/10/2022SenateRule 3-9(a) / Re-referred to Assignments 1/10/2023SenateSession Sine Die