Bill Status of SB1344 93rd General Assembly
Short Description: INC TAX-COLLEGE SAVINGS PLANS
Sen. Dan Cronin
| 1/11/2005||Senate||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Income Tax Act. In provisions requiring individual taxpayers to add distributions from qualified tuition programs other than those administered by the State of Illinois back into adjusted gross income, provides that distributions do not have to be added back if they are from qualified tuition programs that are administered by a state that has passed a law that provides an unlimited state tax deduction for moneys distributed from a qualified tuition program administered by the State of Illinois. In provisions authorizing a deduction for contributions to a College Savings Pool account under the State Treasurer Act, also allows a deduction for contributions to the Illinois Prepaid Tuition Trust Fund. Effective immediately.
|Date||Chamber|| Action|| 2/20/2003||Senate||Filed with Secretary by Sen. Dan Cronin|| 2/20/2003||Senate||First Reading|| 2/20/2003||Senate||Referred to Rules|| 2/27/2003||Senate||Assigned to Revenue|| 3/6/2003||Senate||Postponed - Revenue|| 3/14/2003||Senate||Rule 3-9(a) / Re-referred to Rules|| 1/11/2005||Senate||Session Sine Die|