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.

Statutes affected:
Introduced: 35 ILCS 5/218
Engrossed: 35 ILCS 5/218
Enrolled: 35 ILCS 5/218
Public Act: 35 ILCS 5/218