House Bill 643: Education Expense Tax Credit

Author:
Rep. Kevin A. McCarthy

Summary:
Amends the Illinois Income Tax Act. Increases the education expense credit to 50% (instead of 25%) of qualified education expenses and increases the family limit to $1,000 (instead of $500). Effective immediately.

Status:

2/5/2009		(House) Filed with the Clerk by Rep. Kevin A. McCarthy
2/6/2009		(House) First Reading
2/6/2009		(House) Referred to Rules Committee
2/11/2009		(House) Assigned to Revenue and Finance Committee, Revenue and Finance Committee hearing set for Feb. 20 at 8 a.m. in the Capitol Building, Room 122B
2/18/2009		(House) Added Co-Sponsor Rep. Lou Lang
2/20/2009		(House) Removed Co-Sponsor Rep. Lou Lang
2/20/2009		(House) Added Chief Co-Sponsor Rep. Lou Lang
2/20/2009		(House) Added Co-Sponsor Rep. Jack D. Franks
3/4/2009		(House) Added Co-Sponsor Rep. JoAnn D. Osmond
3/4/2009		(House) Added Co-Sponsor Rep. Lisa M. Dugan
3/4/2009		(House) Added Co-Sponsor Rep. Sandy Cole
3/4/2009		(House) Added Chief Co-Sponsor Rep. James D. Brosnahan
3/4/2009		(House) Added Chief Co-Sponsor Rep. Angelo Saviano
3/4/2009		(House) Added Chief Co-Sponsor Rep. Joseph M. Lyons
3/4/2009		(House) Added Co-Sponsor Rep. Marlow H. Colvin
3/5/2009		(House) Removed Co-Sponsor Rep. Jack D. Franks
3/13/2009		(House) Added Co-Sponsor Rep. Edward J. Acevedo
3/13/2009		(House) Rule 19(a) / Re-referred to Rules Committee
3/19/2009		(House) Added Co-Sponsor Rep. Jil Tracy
3/24/2009		(House) Added Co-Sponsor Rep. Jehan A. Gordon
3/24/2009		(House) Added Co-Sponsor Rep. Deborah Mell

Hearings:
Revenue and Finance Committee hearing, March 12, 2009, 9 a.m. in the Capitol Building, Room 122B, Springfield, IL
Income Tax, Subcommittee hearing, March 12, 2009, 9:05 a.m. in the Capitol Building, Room 122B, Springfield, IL

HSLDA’s Position:
Support.

Action Requested:
Please call your representatives and give them this message:

“Please vote for Senate Bill 183, House Bill 643, and House Bill 1097, all of which increases the maximum education expense credit from $500 to $1,000. It will empower parents to choose the best education for their children.”

You do not need to identify yourself as a homeschooler.

You can call the legislative hotline at (217) 782-3944 and ask for your senator and representative.

Other Resources

E-lert—Feb. 25, 2009—Illinois: Calls Needed to Support $1,000 Tax Credit

Bill Text

Bill History