Patricia R. Bellock
- Republican
Primary
Creates the Health Savings Account Act and amends the Illinois Income Tax Act. Provides that, beginning in taxable year 2008, 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, 2018. Effective July 1, 2007.
No votes to display
Session Sine Die
Rule 19(a) / Re-referred to Rules Committee
Assigned to Revenue Committee
Added Chief Co-Sponsor Rep. Sandra M. Pihos
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Patricia R. Bellock
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Document | Format |
|---|---|
| No related documents. |
Data on Open States is updated periodically throughout the day from the official website of the Illinois General Assembly.
If you notice any inconsistencies with these official sources, feel free to file an issue.