92nd General Assembly
Status of SB0902
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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 



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