SB 1344

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

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Jan 11, 2005

Senate

Session Sine Die

Mar 14, 2003

Senate

Rule 3-9(a) / Re-referred to Rules

Mar 06, 2003

Senate

Postponed - Revenue

Feb 27, 2003

Senate

Assigned to Revenue

Feb 20, 2003

Senate

Filed with Secretary by Sen. Dan Cronin

Senate

Referred to Rules

Senate

First Reading

Bill Text

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