HB 3054

  • Illinois House Bill
  • 93rd Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Inc Tax-College Savings Plans

Abstract

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.

Bill Sponsors (1)

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Jan 11, 2005

House

Session Sine Die

Apr 04, 2003

House

Rule 19(a) / Re-referred to Rules Committee

Mar 24, 2003

House

Fiscal Note Filed as amended by House Amendment No. 1

Mar 13, 2003

House

House Committee Amendment No. 1 Adopted in Revenue Committee; by Voice Vote

House

House Committee Amendment No. 1 Filed with Clerk by Revenue Committee

House

Do Pass as Amended / Short Debate Revenue Committee; 009-000-000

House

Placed on Calendar 2nd Reading - Short Debate

Feb 27, 2003

House

Assigned to Revenue Committee

Feb 26, 2003

House

First Reading

House

Filed with the Clerk by Rep. Robert S. Molaro

House

Referred to Rules Committee

Bill Text

Bill Text Versions Format
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Related Documents

Document Format
House Amendment 001

Sources

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