SB 529

  • Illinois Senate Bill
  • 93rd Regular Session
  • Introduced in Senate Apr 04, 2003
  • Passed Senate Apr 03, 2003
  • House
  • Governor

College Savings Programs

Abstract

Amends the Illinois Income Tax Act. Removes a provision that requires a taxpayer to add to federal adjusted gross income, to arrive at base income for Illinois income tax purposes, distributions from a qualified tuition program under Section 529 of the Internal Revenue Code other than distributions from the College Savings Pool or the Illinois Prepaid Tuition Program to the extent those distributions were excluded from income in arriving at federal adjusted gross income. Amends the State Treasurer Act and further amends the Illinois Income Tax Act to allow an income tax deduction for moneys contributed in the taxable year to the College Savings Pool, the Illinois Prepaid Tuition Program, or to any other qualified tuition program under Section 529 of the Internal Revenue Code (now, deduction limited to College Savings Pool contributions). Effective immediately.

Bill Sponsors (6)

Votes


Actions


Jan 11, 2005

Senate

Session Sine Die

May 13, 2003

House

Added Alternate Co-Sponsor Rep. Robert Rita

House

Added Alternate Co-Sponsor Rep. Monique D. Davis

House

Added Alternate Co-Sponsor Rep. Charles E. Jefferson

May 08, 2003

House

Added Alternate Co-Sponsor Rep. Karen May

May 02, 2003

House

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

Apr 16, 2003

House

Added Alternate Co-Sponsor Rep. Mary K. O'Brien

Apr 15, 2003

House

Alternate Chief Sponsor Changed to Rep. Jack D. Franks

House

Added Alternate Chief Co-Sponsor Rep. William Delgado

House

Added Alternate Chief Co-Sponsor Rep. Robert F. Flider

House

Added Alternate Chief Co-Sponsor Rep. Ralph C. Capparelli

Apr 10, 2003

House

Added Alternate Chief Co-Sponsor Rep. Kathleen A. Ryg

Apr 08, 2003

House

Assigned to Revenue Committee

Apr 04, 2003

House

Chief House Sponsor Rep. Ralph C. Capparelli

House

Referred to Rules Committee

House

First Reading

Senate

Added as Co-Sponsor Sen. John M. Sullivan

House

Arrived in House

Apr 03, 2003

Senate

Added as Co-Sponsor Sen. Martin A. Sandoval

Senate

Senate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a)

Senate

Third Reading - Passed; 034-020-001

Senate

Added as Chief Co-Sponsor Sen. Carol Ronen

Senate

Added as Chief Co-Sponsor Sen. Barack Obama

Apr 02, 2003

Senate

Placed on Calendar Order of 3rd Reading April 3, 2003

Senate

Recalled to Second Reading

Senate

Senate Floor Amendment No. 1 Adopted; Welch

Apr 01, 2003

Senate

Senate Floor Amendment No. 2 Referred to Rules

Senate

Senate Floor Amendment No. 2 Filed with Secretary by Sen. Chris Lauzen

Mar 27, 2003

Senate

Senate Floor Amendment No. 1 Be Adopted Revenue; 008-000-001

Senate

Sponsor Removed Sen. Dan Rutherford

Mar 26, 2003

Senate

Senate Floor Amendment No. 1 Filed with Secretary by Sen. Patrick Welch

Senate

Senate Floor Amendment No. 1 Rules Refers to Revenue

Senate

Senate Floor Amendment No. 1 Referred to Rules

Senate

Added as Chief Co-Sponsor Sen. Dan Rutherford

Mar 25, 2003

Senate

Placed on Calendar Order of 3rd Reading March 26, 2003

Senate

Added as Co-Sponsor Sen. Mattie Hunter

Senate

Added as Chief Co-Sponsor Sen. Louis S. Viverito

Senate

Second Reading

Mar 13, 2003

Senate

Fiscal Note Filed

Senate

Added as Chief Co-Sponsor Sen. Susan Garrett

Mar 06, 2003

Senate

Placed on Calendar Order of 2nd Reading March 11, 2003

Senate

Fiscal Note Requested by Sen. Chris Lauzen

Senate

Do Pass Revenue; 006-002-000

Feb 27, 2003

Senate

Postponed - Revenue

Feb 19, 2003

Senate

Assigned to Revenue

Feb 18, 2003

Senate

First Reading

Senate

Referred to Rules

Senate

Filed with Secretary by Sen. Patrick Welch

Bill Text

Bill Text Versions Format
Introduced HTML
Engrossed HTML

Related Documents

Document Format
Senate Amendment 002
Senate Amendment 001

Sources

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