Illinois General Assembly - Bill Status for HB3208

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Bill Status of HB3208 93rd General Assembly

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Short Description: COLLEGE SAVINGS PROGRAMS

House Sponsors
Rep. Mary K. O'Brien - Jack McGuire

Last Action

Date	Chamber	Action
1/11/2005	House	Session Sine Die

Statutes Amended In Order of Appearance

15 ILCS 505/16.5

35 ILCS 5/203

from Ch. 120, par. 2-203

Synopsis As Introduced
Amends the Illinois Income Tax Act. Removes a provision that requires a taxpayer to add to federal adjusted gross income, to arrive at base income for Illinois income tax purposes, distributions from a qualified tuition program under Section 529 of the Internal Revenue Code other than distributions from the College Savings Pool or the Illinois Prepaid Tuition Program to the extent those distributions were excluded from income in arriving at federal adjusted gross income. Amends the State Treasurer Act and further amends the Illinois Income Tax Act to allow an income tax deduction for moneys contributed in the taxable year to the College Savings Pool, the Illinois Prepaid Tuition Program, or to any other qualified tuition program under Section 529 of the Internal Revenue Code (now, deduction limited to College Savings Pool contributions). Effective immediately.

Actions

Date	Chamber	Action
2/27/2003	House	Filed with the Clerk by Rep. Mary K. O'Brien
2/27/2003	House	First Reading
2/27/2003	House	Referred to Rules Committee
2/28/2003	House	Assigned to Revenue Committee
3/13/2003	House	Rule 19(a) / Re-referred to Rules Committee
3/21/2003	House	Added Chief Co-Sponsor Rep. Jack McGuire
1/11/2005	House	Session Sine Die

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