INC TX-EDUCATION CREDIT House SponsorsRep. Peter Breen 1/10/2017HouseSession Sine Die 35 ILCS 5/201from Ch. 120, par. 2-201 Amends the Illinois Income Tax Act. Increases the maximum amount of the education expense credit to $1,500 for taxable years beginning on or after January 1, 2016 and prior to January 1, 2017 (currently, the maximum is $500). For taxable years beginning on or after January 1, 2017, provides that the maximum amount of the education expense credit shall be increased annually by the percentage increase, if any, in the Consumer Price Index for All Urban Consumers. Effective immediately. 2/24/2015HouseFiled with the Clerk by Rep. Peter Breen 2/25/2015HouseFirst Reading 2/25/2015HouseReferred to Rules Committee 3/10/2015HouseAssigned to Revenue & Finance Committee 3/13/2015HouseTo Income Tax Subcommittee 3/27/2015HouseRule 19(a) / Re-referred to Rules Committee 1/10/2017HouseSession Sine Die