Patricia R. Bellock
- Republican
Primary
Creates the Health Savings Account Act and amends the Illinois Income Tax Act. Provides that, beginning in taxable year 2005, a resident of Illinois or an employer may deposit contributions, subject to certain limitations, into a health savings account. Provides that the principal contributed to and the interest earned on a health savings account and money reimbursed to an eligible individual or an employee for qualified medical expenses is exempt from the Illinois income tax. Sets forth restriction on the use of funds held in a health savings account. Provides that an eligible individual may withdraw money from his or her health savings account for any purpose, but provides that certain withdrawals are not tax exempt. Repeals the Health Savings Account Act on June 30, 2015. Effective July 1, 2005.
No votes to display
Session Sine Die
Rule 19(a) / Re-referred to Rules Committee
Added Co-Sponsor Rep. Robert F. Flider
Recommends Be Adopted Sub-committee/ Revenue Committee; 001-000-002; Lost
Remains in Revenue Committee
Added Co-Sponsor Rep. Linda Chapa LaVia
Added Co-Sponsor Rep. Jack D. Franks
Added Co-Sponsor Rep. Patricia Reid Lindner
Added Chief Co-Sponsor Rep. John A. Fritchey
Added Chief Co-Sponsor Rep. Sandra M. Pihos
Added Chief Co-Sponsor Rep. Eileen Lyons
Assigned to Revenue Committee
Added Chief Co-Sponsor Rep. Sidney H. Mathias
Referred to Rules Committee
First Reading
Prefiled with Clerk by Rep. Patricia R. Bellock
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