Bill Status of HB 5005   103rd General Assembly

Short Description:  EDUCATION SAVINGS PROGRAMS

House Sponsors
Rep. Dave Vella-Emanuel "Chris" Welch-Gregg Johnson-Hoan Huynh-Sue Scherer, Jenn Ladisch Douglass, Anne Stava-Murray, William "Will" Davis, Lindsey LaPointe, Laura Faver Dias, Maura Hirschauer, Joyce Mason, Sharon Chung, Cyril Nichols, Michael J. Kelly, Tracy Katz Muhl, Harry Benton, Eva-Dina Delgado, Mary Gill, Abdelnasser Rashid, Stephanie A. Kifowit, Michelle Mussman, Ann M. Williams, Katie Stuart, Janet Yang Rohr, Jaime M. Andrade, Jr., Martin J. Moylan, Anthony DeLuca, Matt Hanson, Camille Y. Lilly, Margaret Croke and Maurice A. West, II

Senate Sponsors
(Sen. Steve Stadelman-Celina Villanueva-Mark L. Walker-Mattie Hunter-Elgie R. Sims, Jr., Sara Feigenholtz, Javier L. Cervantes, Michael E. Hastings, Paul Faraci, Mary Edly-Allen, David Koehler, Mike Porfirio, Linda Holmes, Doris Turner, Michael W. Halpin, Meg Loughran Cappel, Suzy Glowiak Hilton, Patrick J. Joyce, Cristina Castro, Christopher Belt, Laura Fine, Robert Peters, Natalie Toro and Adriane Johnson)


Last Action  View All Actions

DateChamber Action
  6/26/2024HousePublic Act . . . . . . . . . 103-0595

Statutes Amended In Order of Appearance
15 ILCS 505/16.5
15 ILCS 505/16.8

Synopsis As Introduced
Amends the State Treasurer Act. In provisions concerning the College Savings Pool, provides that an account may be rolled over into a Roth IRA account, to the extent permitted by Section 529 of the Internal Revenue Code. In provisions concerning the Illinois Higher Education Savings Program, provides that the definition of "eligible child" includes a child born or adopted after December 31, 2022, to a parent who is a resident of Illinois at the time of the birth or adoption, as evidenced by documentation received by the Treasurer from a parent or legal guardian of the child. Makes conforming changes. Effective immediately.

Senate Committee Amendment No. 1
Deletes reference to:
15 ILCS 505/16.5
15 ILCS 505/16.8
Adds reference to:
15 ILCS 505/1from Ch. 130, par. 1

Replaces everything after the enacting clause. Amends the State Treasurer Act. Makes a technical change in a Section concerning bond.

Senate Floor Amendment No. 2
Deletes reference to:
15 ILCS 505/1from Ch. 130, par. 1
Adds reference to:
20 ILCS 605/605-1115 new
20 ILCS 655/5.5from Ch. 67 1/2, par. 609.1
20 ILCS 655/13
20 ILCS 686/10
20 ILCS 686/20
20 ILCS 686/35
20 ILCS 686/45
20 ILCS 686/65
20 ILCS 686/95
20 ILCS 686/105
35 ILCS 5/201
35 ILCS 5/241 new
35 ILCS 5/213
35 ILCS 10/5-5
35 ILCS 10/5-15
35 ILCS 10/5-20
35 ILCS 10/5-35
35 ILCS 10/5-45
35 ILCS 10/5-56
35 ILCS 16/10
35 ILCS 16/46
35 ILCS 45/110-5
35 ILCS 45/110-10
35 ILCS 45/110-20
35 ILCS 45/110-35
35 ILCS 45/110-65
35 ILCS 45/110-95
35 ILCS 105/12from Ch. 120, par. 439.12
35 ILCS 110/12from Ch. 120, par. 439.42
35 ILCS 115/12from Ch. 120, par. 439.112
35 ILCS 120/2-29 new
35 ILCS 173/5-10
35 ILCS 200/18-184.15
35 ILCS 200/18-184.20
35 ILCS 630/2from Ch. 120, par. 2002
35 ILCS 635/10
35 ILCS 636/5-7
35 ILCS 640/2-4
65 ILCS 115/10-4
65 ILCS 115/10-5.3
65 ILCS 115/10-10.3
65 ILCS 115/10-10.4
220 ILCS 5/9-222from Ch. 111 2/3, par. 9-222

Replaces everything after the enacting clause. Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Department of Commerce and Economic Opportunity may designate areas as Quantum Computing Campuses. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, the Retailers' Occupation Tax Act, the Electricity Excise Tax Law, the Telecommunications Excise Tax Act, the Simplified Municipal Telecommunications Tax Act, and the Gas Use Tax Law to make conforming changes. Amends the Illinois Enterprise Zone Act. Provides that a restriction on designating businesses located in an Enterprise Zone as high impact businesses does not apply to grocery stores. Repeals provisions concerning certified payments for high impact businesses. Amends the River Edge Redevelopment Zone Act. Provides that a River Edge Redevelopment Zone may overlap with an Enterprise Zone. Provides that the Department of Commerce and Economic Opportunity may certify a specified number of additional pilot River Edge Zones. Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that certain credits under the Act may be taken against the taxpayer's withholding tax liability. Contains provisions concerning work hours at the project location. Amends the Reimagining Energy and Vehicles in Illinois Act. Adds provisions concerning credits awarded for research and development activities related to aircraft. Amends the Manufacturing Illinois Chips for Real Opportunity (MICRO) Act. Extends the provisions of the Act to quantum computer manufacturers. Specifies that, in order to receive credit for construction expenses under the Act, a company must provide the Department of Commerce and Economic Opportunity with evidence that a certified third-party executed an Agreed-Upon Procedure (AUP) verifying the construction expenses or accept the standard construction wage expense estimated by the Department of Commerce and Economic Opportunity. Amends the Property Tax Code. Provides that 2 or more taxing districts may agree to abate a portion of the real property taxes otherwise levied or extended by those taxing districts on a REV Illinois Project facility. Provides that abatements for REV project facilities may not exceed a period of 30 consecutive years. Amends the Illinois Income Tax Act to extend the sunset of the research and development credit. Amends the Illinois Income Tax Act and the Film Production Services Tax Credit Act of 2008. Provides that taxpayers who have been awarded a tax credit under the Film Production Services Tax Credit Act of 2008 shall pay a fee to the Department of Commerce and Economic Opportunity. Sets forth the amount of the fee. Provides that the fee shall be deposited into the Illinois Production Workforce Development Fund. Provides that, beginning on July 1, 2024, a taxpayer is no longer required to pay a fee to the Department of Commerce and Economic Opportunity for the transfer of credits under the Film Production Services Tax Credit Act of 2008. Makes other changes. Effective immediately.

Senate Floor Amendment No. 3
Adds reference to:
20 ILCS 730/5-20
20 ILCS 730/5-45
105 ILCS 426/30

Amends the Energy Transition Act. Provides that the Department of Commerce and Economic Opportunity shall develop and, through Regional Administrators, administer the Clean Jobs Workforce Network Program and the Clean Energy Contractor Incubator Program to create a network of 14 Program delivery Hub Sites (rather than 13 Program delivery Hub Sites), to include Kankakee. Amends the Private Business and Vocational Schools Act of 2012. Exempts from being considered a private business or vocational school under the Act organizations that receive funding from the Department of Commerce and Economic Opportunity for workforce development preparation programs as provided for in the Energy Transition Act and the Illinois Works Jobs Program Act in which participants are not charged tuition or labor organizations that sponsor a United States Department of Labor registered apprenticeship program.

Senate Floor Amendment No. 4
In provisions concerning MICRO projects, provides that quantum computer component parts manufacturers and companies focusing on research and development in the manufacture of component parts for quantum computers, semiconductors, or microchips qualify for credits under the program. Makes a technical correction to insert a cross-reference.

Actions 
DateChamber Action
  2/7/2024HouseFiled with the Clerk by Rep. Diane Blair-Sherlock
  2/8/2024HouseFirst Reading
  2/8/2024HouseReferred to Rules Committee
  2/8/2024HouseAdded Co-Sponsor Rep. Jenn Ladisch Douglass
  2/16/2024HouseAdded Co-Sponsor Rep. Anne Stava-Murray
  2/16/2024HouseAdded Chief Co-Sponsor Rep. Gregg Johnson
  2/16/2024HouseAdded Chief Co-Sponsor Rep. Suzanne M. Ness
  2/16/2024HouseAdded Chief Co-Sponsor Rep. Hoan Huynh
  2/16/2024HouseAdded Co-Sponsor Rep. William "Will" Davis
  2/16/2024HouseAdded Co-Sponsor Rep. Lindsey LaPointe
  2/16/2024HouseAdded Co-Sponsor Rep. Laura Faver Dias
  2/16/2024HouseAdded Co-Sponsor Rep. Maura Hirschauer
  2/16/2024HouseAdded Co-Sponsor Rep. Joyce Mason
  2/16/2024HouseAdded Co-Sponsor Rep. Sharon Chung
  2/16/2024HouseAdded Co-Sponsor Rep. Cyril Nichols
  2/16/2024HouseAdded Chief Co-Sponsor Rep. Sue Scherer
  2/16/2024HouseChief Co-Sponsor Changed to Rep. Sue Scherer
  2/16/2024HouseRemove Chief Co-Sponsor Rep. Suzanne M. Ness
  2/27/2024HouseAdded Co-Sponsor Rep. Michael J. Kelly
  2/27/2024HouseAdded Co-Sponsor Rep. Tracy Katz Muhl
  2/28/2024HouseAssigned to State Government Administration Committee
  3/6/2024HouseDo Pass / Short Debate State Government Administration Committee; 009-000-000
  3/6/2024HouseAdded Co-Sponsor Rep. Harry Benton
  3/7/2024HousePlaced on Calendar 2nd Reading - Short Debate
  3/21/2024HouseAdded Co-Sponsor Rep. Emanuel "Chris" Welch
  3/21/2024HouseRemoved Co-Sponsor Rep. Emanuel "Chris" Welch
  4/3/2024HouseAdded Co-Sponsor Rep. Eva-Dina Delgado
  4/3/2024HouseAdded Co-Sponsor Rep. Mary Gill
  4/10/2024HouseAdded Co-Sponsor Rep. Abdelnasser Rashid
  4/11/2024HouseSecond Reading - Short Debate
  4/11/2024HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/15/2024HouseAdded Co-Sponsor Rep. Stephanie A. Kifowit
  4/15/2024HouseAdded Co-Sponsor Rep. Michelle Mussman
  4/15/2024HouseAdded Co-Sponsor Rep. Ann M. Williams
  4/15/2024HouseAdded Co-Sponsor Rep. Janet Yang Rohr
  4/15/2024HouseRemoved Co-Sponsor Rep. Dan Ugaste
  4/16/2024HouseAdded Co-Sponsor Rep. Janet Yang Rohr
  4/16/2024HouseThird Reading - Short Debate - Passed 110-000-000
  4/16/2024HouseAdded Co-Sponsor Rep. Brandun Schweizer
  4/16/2024HouseRemoved Co-Sponsor Rep. Brandun Schweizer
  4/17/2024SenateArrive in Senate
  4/17/2024SenatePlaced on Calendar Order of First Reading
  4/17/2024SenateChief Senate Sponsor Sen. Suzy Glowiak Hilton
  4/17/2024SenateFirst Reading
  4/17/2024SenateReferred to Assignments
  5/1/2024SenateAssigned to Executive
  5/1/2024SenateRule 2-10 Committee Deadline Established As May 10, 2024
  5/10/2024SenateRule 2-10 Committee Deadline Established As May 17, 2024
  5/14/2024SenateAlternate Chief Sponsor Changed to Sen. Don Harmon
  5/15/2024SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon
  5/15/2024SenateSenate Committee Amendment No. 1 Referred to Assignments
  5/15/2024SenateSenate Committee Amendment No. 1 Assignments Refers to Executive
  5/15/2024SenateSenate Committee Amendment No. 1 Adopted
  5/15/2024SenateDo Pass as Amended Executive; 007-004-000
  5/15/2024SenatePlaced on Calendar Order of 2nd Reading May 16, 2024
  5/16/2024SenateSecond Reading
  5/16/2024SenatePlaced on Calendar Order of 3rd Reading May 17, 2024
  5/17/2024SenateRule 2-10 Third Reading/Passage Deadline Established As May 24, 2024
  5/24/2024SenateRule 2-10 Third Reading Deadline Established As May 25, 2024
  5/25/2024SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Steve Stadelman
  5/25/2024SenateSenate Floor Amendment No. 2 Referred to Assignments
  5/25/2024SenateRule 2-10 Third Reading Deadline Established As May 26, 2024
  5/26/2024SenateAlternate Chief Sponsor Changed to Sen. Steve Stadelman
  5/26/2024SenateSenate Floor Amendment No. 2 Be Approved for Consideration Assignments
  5/26/2024SenateAdded as Alternate Chief Co-Sponsor Sen. Celina Villanueva
  5/26/2024SenateAdded as Alternate Chief Co-Sponsor Sen. Mark L. Walker
  5/26/2024SenateAdded as Alternate Chief Co-Sponsor Sen. Mattie Hunter
  5/26/2024SenateSenate Floor Amendment No. 3 Filed with Secretary by Sen. Steve Stadelman
  5/26/2024SenateSenate Floor Amendment No. 3 Referred to Assignments
  5/26/2024SenateSenate Floor Amendment No. 4 Filed with Secretary by Sen. Steve Stadelman
  5/26/2024SenateSenate Floor Amendment No. 4 Referred to Assignments
  5/26/2024SenateAdded as Alternate Chief Co-Sponsor Sen. Elgie R. Sims, Jr.
  5/26/2024SenateAdded as Alternate Co-Sponsor Sen. Sara Feigenholtz
  5/26/2024SenateSenate Floor Amendment No. 3 Be Approved for Consideration Assignments
  5/26/2024SenateSenate Floor Amendment No. 4 Be Approved for Consideration Assignments
  5/26/2024SenateAdded as Alternate Co-Sponsor Sen. Javier L. Cervantes
  5/26/2024SenateRecalled to Second Reading
  5/26/2024SenateSenate Floor Amendment No. 2 Adopted; Stadelman
  5/26/2024SenateSenate Floor Amendment No. 3 Adopted; Stadelman
  5/26/2024SenateSenate Floor Amendment No. 4 Adopted; Stadelman
  5/26/2024SenatePlaced on Calendar Order of 3rd Reading
  5/26/2024SenateThird Reading - Passed; 051-005-000
  5/26/2024HouseArrived in House
  5/26/2024HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1, 2, 3, 4
  5/28/2024HouseChief Sponsor Changed to Rep. Dave Vella
  5/28/2024HouseSenate Committee Amendment No. 1 Motion Filed Concur Rep. Dave Vella
  5/28/2024HouseSenate Floor Amendment No. 2 Motion Filed Concur Rep. Dave Vella
  5/28/2024HouseSenate Floor Amendment No. 3 Motion Filed Concur Rep. Dave Vella
  5/28/2024HouseSenate Floor Amendment No. 4 Motion Filed Concur Rep. Dave Vella
  5/28/2024HouseSenate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
  5/28/2024HouseSenate Floor Amendment No. 2 Motion to Concur Referred to Rules Committee
  5/28/2024HouseSenate Floor Amendment No. 3 Motion to Concur Referred to Rules Committee
  5/28/2024HouseSenate Floor Amendment No. 4 Motion to Concur Referred to Rules Committee
  5/28/2024HouseAdded Chief Co-Sponsor Rep. Emanuel "Chris" Welch
  5/28/2024HouseSenate Committee Amendment No. 1 Motion to Concur Rules Referred to Executive Committee
  5/28/2024HouseSenate Floor Amendment No. 2 Motion to Concur Rules Referred to Executive Committee
  5/28/2024HouseSenate Floor Amendment No. 3 Motion to Concur Rules Referred to Executive Committee
  5/28/2024HouseSenate Floor Amendment No. 4 Motion to Concur Rules Referred to Executive Committee
  5/28/2024HouseSenate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Executive Committee; 008-004-000
  5/28/2024HouseSenate Floor Amendment No. 2 Motion to Concur Recommends Be Adopted Executive Committee; 008-004-000
  5/28/2024HouseSenate Floor Amendment No. 3 Motion to Concur Recommends Be Adopted Executive Committee; 008-004-000
  5/28/2024HouseSenate Floor Amendment No. 4 Motion to Concur Recommends Be Adopted Executive Committee; 008-004-000
  5/28/2024HouseSenate Committee Amendment No. 1 House Concurs 090-019-000
  5/28/2024HouseSenate Floor Amendment No. 2 House Concurs 090-019-000
  5/28/2024HouseSenate Floor Amendment No. 3 House Concurs 090-019-000
  5/28/2024HouseSenate Floor Amendment No. 4 House Concurs 090-019-000
  5/28/2024HouseHouse Concurs
  5/28/2024HousePassed Both Houses
  5/28/2024HouseAdded Co-Sponsor Rep. Jaime M. Andrade, Jr.
  5/28/2024HouseAdded Co-Sponsor Rep. Martin J. Moylan
  5/28/2024HouseAdded Co-Sponsor Rep. Anthony DeLuca
  5/28/2024HouseAdded Co-Sponsor Rep. Matt Hanson
  5/28/2024HouseAdded Co-Sponsor Rep. Camille Y. Lilly
  5/28/2024HouseAdded Co-Sponsor Rep. Margaret Croke
  5/29/2024HouseAdded Co-Sponsor Rep. Maurice A. West, II
  6/6/2024HouseSent to the Governor
  6/17/2024SenateAdded as Alternate Co-Sponsor Sen. Michael E. Hastings
  6/17/2024SenateAdded as Alternate Co-Sponsor Sen. Paul Faraci
  6/17/2024SenateAdded as Alternate Co-Sponsor Sen. Mary Edly-Allen
  6/18/2024SenateAdded as Alternate Co-Sponsor Sen. David Koehler
  6/18/2024SenateAdded as Alternate Co-Sponsor Sen. Mike Porfirio
  6/18/2024SenateAdded as Alternate Co-Sponsor Sen. Linda Holmes
  6/18/2024SenateAdded as Alternate Co-Sponsor Sen. Doris Turner
  6/18/2024SenateAdded as Alternate Co-Sponsor Sen. Michael W. Halpin
  6/18/2024SenateAdded as Alternate Co-Sponsor Sen. Meg Loughran Cappel
  6/18/2024SenateAdded as Alternate Co-Sponsor Sen. Suzy Glowiak Hilton
  6/25/2024SenateAdded as Alternate Co-Sponsor Sen. Patrick J. Joyce
  6/25/2024SenateAdded as Alternate Co-Sponsor Sen. Cristina Castro
  6/25/2024SenateAdded as Alternate Co-Sponsor Sen. Christopher Belt
  6/25/2024SenateAdded as Alternate Co-Sponsor Sen. Laura Fine
  6/25/2024SenateAdded as Alternate Co-Sponsor Sen. Robert Peters
  6/26/2024SenateAdded as Alternate Co-Sponsor Sen. Natalie Toro
  6/26/2024SenateAdded as Alternate Co-Sponsor Sen. Adriane Johnson
  6/26/2024HouseGovernor Approved
  6/26/2024HouseEffective Date June 26, 2024; some provisions effective July 1, 2025.
  6/26/2024HousePublic Act . . . . . . . . . 103-0595

Back To Top