Sunday, Nov. 22, 2009

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Bill Information Bill Number: SB0077 Title: Higher Education Student Assistance Act Sponsor: Clayborne (D) Location: To Governor Summary: Amends the Higher Education Student Assistance Act and the State Income Tax Act.Creates an income tax credit for employers who, during the taxable year, make a matching donation on behalf of an employee. Creates an addition modification in an amount equal to the credit claimed by the taxpayer for matching contributions to a qualified college savings plan. Provides that the credit for matching contributions may be carried forward for 5 taxable years. Category: Financial Aid Last Updated: 2009-07-28 More Information: http://www.ilga.gov/legislation/billstatus.asp?DocNum=0077&GAID=10&GA=96&DocTypeID=SB&LegID=40355&SessionID=76

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