WATSON-SULLIVAN-NOLAND-RADOGNO-LUECHTEFELD, MYERS, BURZYNSKI, MAHAR, DONAHUE AND WALSH,T. (WIRSING-FOWLER-FORBY-BURKE-MCKEON) 15 ILCS 505/16.5 Amends the State Treasurer Act. Makes a technical change in a Section concerning a college savings pool. SENATE AMENDMENT NO. 1. Adds reference to: 35 ILCS 5/203 from Ch. 120, par. 2-203 110 ILCS 979/55 Deletes everything. Amends the Illinois Income Tax Act. Allows a deduction for individuals for moneys contributed in the taxable year to a College Savings Pool account, for taxable years beginning on or after January 1, 2002. Beginning with taxable years ending on or after December 31, 2001, allows a deduction of an amount equal to the amount spent by an individual taxpayer during the taxable year to purchase an Illinois prepaid tuition contract. Exempts the deductions from the sunset provisions of the Act. Amends the State Treasurer Act to provide that contributions to a College Savings Pool account during the taxable year may be deducted from adjusted gross income as provided in the Illinois Income Tax Act. Amends the Illinois Prepaid Tuition Act. Provides that the amount spent by a purchaser of an Illinois prepaid tuition contract during the taxable year may be deducted from adjusted gross income as provided in the Illinois Income Tax Act. Effective immediately. HOUSE AMENDMENT NO. 1. Deletes reference to: 110 ILCS 979/55 Removes provisions concerning exemptions for the purchase of an Illinois prepaid tuition contract. Removes the amendment to the Illinois Prepaid Tuition Act referencing the exemption. FEB-22-2001 S FIRST READING FEB-22-2001 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-28-2001 S ASSIGNED TO COMMITTEE EXECUTIVE MAR-08-2001 S POSTPONED MAR-08-2001 S ADDED AS A CHIEF CO-SPONSOR SULLIVAN MAR-21-2001 S AMENDMENT NO. 01-EXECUTIVE S MAR-21-2001 S ADOPTED MAR-22-2001 S DO PASS AS AMENDED 010-000-000 SEXC MAR-22-2001 S PLACED ON CALENDAR ORDER OF 2ND READING 01-03-27 MAR-27-2001 S SECOND READING MAR-27-2001 S PLACED ON CALENDAR ORDER OF 3RD READING 01-03-28 MAR-28-2001 S ADDED AS A CO-SPONSOR BOMKE MAR-28-2001 S ADDED AS A CO-SPONSOR MYERS MAR-28-2001 S ADDED AS A CO-SPONSOR BURZYNSKI MAR-28-2001 S ADDED AS A CHIEF CO-SPONSOR NOLAND MAR-28-2001 S ADDED AS A CHIEF CO-SPONSOR RADOGNO MAR-28-2001 S ADDED AS A CHIEF CO-SPONSOR LUECHTEFELD MAR-28-2001 S ADDED AS A CO-SPONSOR MAHAR MAR-28-2001 S ADDED AS A CO-SPONSOR DONAHUE MAR-28-2001 S ADDED AS A CO-SPONSOR WALSH,T APR-04-2001 S THIRD READING - PASSED 053-001-000 APR-04-2001 H ARRIVE IN HOUSE APR-04-2001 H HOUSE SPONSOR DANIELS APR-04-2001 H PLACED CALENDAR ORDER OF FIRST READING APR-05-2001 H FIRST READING APR-05-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES APR-05-2001 H ALTERNATE PRIMARY SPONSOR CHANGED TO WIRSING APR-06-2001 H ASSIGNED TO COMMITTEE REVENUE APR-18-2001 H ADDED AS A JOINT SPONSOR FOWLER APR-18-2001 H ADDED AS A JOINT SPONSOR FORBY APR-18-2001 H ADDED AS AN ALTERNATE CO-SPONSOR BURKE APR-24-2001 H ADDED AS A JOINT SPONSOR BURKE APR-26-2001 H AMENDMENT NO. 01-REVENUE H APR-26-2001 H ADOPTED SUB APR-26-2001 H REMAINS IN COMMITTEE REVENUE APR-26-2001 H ADDED AS AN ALTERNATE CO-SPONSOR MCCARTHY APR-26-2001 H ADDED AS AN ALTERNATE CO-SPONSOR MCGUIRE MAY-01-2001 H ADDED AS A JOINT SPONSOR MCKEON MAY-03-2001 H DO PASS AMENDED/SHORT DEBATE 011-000-000 HREV MAY-03-2001 H PLACED CALENDAR 2ND READING-SHORT DEBATE MAY-08-2001 H SECOND READING-SHORT DEBATE MAY-08-2001 H PLCD CAL ORDER 3RD READING-SHORT DEBATE MAY-09-2001 H THIRD READING/SHORT DEBATE/PASSED 114-000-000 MAY-10-2001 S SECRETARYS DESK - CONCURRENCE 01 MAY-17-2001 S FILED WITH SECRETARY MAY-17-2001 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/WATSON MAY-17-2001 S MOTION REFERRED TO SRUL MAY-18-2001 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/WATSCON MAY-18-2001 S RULES REFERS TO SEXC MAY-22-2001 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/WATSON MAY-22-2001 S BE ADOPTED SEXC/007-000-000 MAY-22-2001 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/WATSON MAY-22-2001 S SEN CONCURS IN HSE AMENDMENTS (NO.) 01/056-000-000 MAY-22-2001 S PASSED BOTH HOUSES JUN-20-2001 S SENT TO THE GOVERNOR AUG-17-2001 S GOVERNOR APPROVED AUG-17-2001 S EFFECTIVE DATE 01-08-17 AUG-17-2001 S PUBLIC ACT.............................. 92-0439 END OF INQUIRY Full Text Bill Summary