Daniel J. Burke
- Democratic
Primary
Amends the Illinois Prepaid Tuition Act. Provides that the intent of the Act is to both encourage and better enable Illinois families to help themselves finance the cost of higher education through a program that provides Illinois families with a method of State tax-free and federally tax-deferred, tax-exempt savings (instead of just tax-deferred savings) for higher education (instead of for college tuition). Removes a provision that provides that once a partial benefit of a prepaid tuition contract has been disbursed, any tax liability attributable to the contract and its assets becomes a tax liability of the qualified beneficiary, unless otherwise specified in the contract. Effective immediately.
Public Act . . . . . . . . . 95-0217
Governor Approved
Effective Date August 16, 2007
Sent to the Governor
Third Reading - Passed; 059-000-000
Passed Both Houses
Placed on Calendar Order of 3rd Reading May 22, 2007
Second Reading
Added as Alternate Co-Sponsor Sen. Matt Murphy
Added as Alternate Chief Co-Sponsor Sen. Chris Lauzen
Placed on Calendar Order of 2nd Reading May 15, 2007
Do Pass Revenue; 008-000-000
Assigned to Revenue
Referred to Rules
First Reading
Chief Senate Sponsor Sen. Frank C. Watson
Arrive in Senate
Placed on Calendar Order of First Reading April 24, 2007
Added Co-Sponsor Rep. Shane Cultra
Third Reading - Short Debate - Passed 116-000-000
Added Chief Co-Sponsor Rep. Mary E. Flowers
Added Co-Sponsor Rep. Elga L. Jefferies
Added Co-Sponsor Rep. Richard T. Bradley
Added Co-Sponsor Rep. Kevin A. McCarthy
Added Co-Sponsor Rep. Jack D. Franks
Added Co-Sponsor Rep. Linda Chapa LaVia
Added Co-Sponsor Rep. William B. Black
Added Chief Co-Sponsor Rep. Mike Fortner
Added Chief Co-Sponsor Rep. Sandra M. Pihos
Added Chief Co-Sponsor Rep. Robert W. Pritchard
Placed on Calendar Order of 3rd Reading - Short Debate
Second Reading - Short Debate
Placed on Calendar 2nd Reading - Short Debate
House Committee Amendment No. 1 Filed with Clerk by Higher Education Committee
Do Pass as Amended / Short Debate Higher Education Committee; 011-000-000
House Committee Amendment No. 1 Adopted in Higher Education Committee; 011-000-000
Assigned to Higher Education Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Daniel J. Burke
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Engrossed | HTML |
| Enrolled | HTML |
| Document | Format |
|---|---|
| Public Act | |
| House Amendment 001 |
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