SB 1981

  • Illinois Senate Bill
  • 95th Regular Session
  • Introduced in Senate Apr 01, 2008
  • Passed Senate Apr 01, 2008
  • Passed House Nov 20, 2008
  • Became Law Dec 15, 2008

Inc Tax- College Savings Plan

Abstract

Amends the Higher Education Student Assistance Act and the Illinois Income tax Act. Authorizes the Illinois Student Assistance Commission to establish systems and programs to encourage employers to match employee contributions to prepaid programs of college savings by making donations to the Commission for prepaid programs of college savings and its programs of grants and loans to make higher education affordable for all residents of the State and to receive, hold, and disburse all such funds made available through those programs for the purposes for which they are authorized by rule or by law. Creates an income tax credit for employers who, during the taxable year, make a matching donation to the Illinois Student Assistance Commission on behalf of an employee. Provides that the credit is 25% of the matching donation, but not to exceed $500 per employee. Provides that the credit may be carried forward for 3 taxable years. Effective immediately.

Bill Sponsors (13)

Votes


Actions


Dec 15, 2008

Senate

Public Act . . . . . . . . . 95-1006

Senate

Effective Date December 15, 2008

Senate

Governor Approved

Nov 25, 2008

Senate

Sent to the Governor

Nov 20, 2008

Senate

Added as Chief Co-Sponsor Sen. Mattie Hunter

Senate

House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 009-000-000

Senate

House Committee Amendment No. 1 Motion to Concur Rules Referred to Executive

Senate

House Committee Amendment No. 1 Motion to Concur Referred to Rules

Senate

House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Rickey R. Hendon

Senate

Placed on Calendar Order of Concurrence House Amendment(s) November 20, 2008; 01

Senate

Secretary's Desk - Concurrence House Amendment(s) 01

House

Added Alternate Co-Sponsor Rep. Joseph M. Lyons

House

Added Alternate Co-Sponsor Rep. Patricia R. Bellock

House

Added Alternate Co-Sponsor Rep. Julie Hamos

House

Added Alternate Co-Sponsor Rep. Patricia Reid Lindner

House

Added Alternate Co-Sponsor Rep. Suzanne Bassi

House

Added Alternate Co-Sponsor Rep. Jack McGuire

House

Added Alternate Co-Sponsor Rep. Linda Chapa LaVia

House

Added Alternate Co-Sponsor Rep. Jack D. Franks

House

3/5 Vote Required

House

Third Reading - Short Debate - Passed 108-002-000

Senate

Passed Both Houses

Senate

House Committee Amendment No. 1 Senate Concurs 052-000-001

Senate

House Committee Amendment No. 1 3/5 Vote Required

Nov 19, 2008

House

House Committee Amendment No. 1 Filed with Clerk by Revenue Committee

House

Placed on Calendar Order of 3rd Reading - Short Debate

House

Second Reading - Short Debate

House

Added Alternate Co-Sponsor Rep. Arthur L. Turner

House

Added Alternate Co-Sponsor Rep. Tom Cross

House

Added Alternate Chief Co-Sponsor Rep. Thomas Holbrook

House

Added Alternate Chief Co-Sponsor Rep. Angelo Saviano

House

Placed on Calendar 2nd Reading - Short Debate

House

Do Pass as Amended / Short Debate Revenue Committee; 009-000-000

House

House Committee Amendment No. 1 Adopted in Revenue Committee; by Voice Vote

Nov 13, 2008

Senate

Chief Sponsor Changed to Sen. Rickey R. Hendon

Nov 06, 2008

House

Assigned to Revenue Committee

House

Final Action Deadline Extended-9(b) November 30, 2008

Apr 29, 2008

House

Added Alternate Co-Sponsor Rep. Elizabeth Hernandez

House

Added Alternate Chief Co-Sponsor Rep. Lou Lang

House

Added Alternate Co-Sponsor Rep. Fred Crespo

Apr 09, 2008

Senate

Added as Co-Sponsor Sen. Gary G. Dahl

Apr 03, 2008

Senate

Added as Co-Sponsor Sen. Frank C. Watson

Apr 02, 2008

Senate

Added as Co-Sponsor Sen. Louis S. Viverito

Senate

Added as Co-Sponsor Sen. Iris Y. Martinez

Apr 01, 2008

House

Chief House Sponsor Rep. Frank J. Mautino

House

Placed on Calendar Order of First Reading

House

Arrived in House

Senate

Third Reading - Passed; 050-000-000

Senate

Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins

Senate

Added as Co-Sponsor Sen. M. Maggie Crotty

Senate

Added as Co-Sponsor Sen. J. Bradley Burzynski

Senate

Added as Co-Sponsor Sen. Larry K. Bomke

Senate

Added as Co-Sponsor Sen. Matt Murphy

Senate

Added as Co-Sponsor Sen. John O. Jones

House

Referred to Rules Committee

House

First Reading

House

Added Alternate Chief Co-Sponsor Rep. David E. Miller

Mar 13, 2008

Senate

Second Reading

Senate

Placed on Calendar Order of 3rd Reading April 1, 2008

Mar 11, 2008

Senate

Added as Co-Sponsor Sen. Pamela J. Althoff

Mar 06, 2008

Senate

Do Pass as Amended Revenue; 008-000-000

Senate

Placed on Calendar Order of 2nd Reading March 11, 2008

Senate

Senate Committee Amendment No. 1 Adopted

Mar 05, 2008

Senate

Senate Committee Amendment No. 1 Referred to Rules

Senate

Senate Committee Amendment No. 1 Rules Refers to Revenue

Senate

Added as Co-Sponsor Sen. Edward D. Maloney

Senate

Senate Committee Amendment No. 1 Filed with Secretary by Sen. James F. Clayborne, Jr.

Feb 28, 2008

Senate

Postponed - Revenue

Senate

Added as Co-Sponsor Sen. Linda Holmes

Feb 21, 2008

Senate

Added as Co-Sponsor Sen. Bill Brady

Feb 20, 2008

Senate

Added as Co-Sponsor Sen. Carole Pankau

Senate

Added as Co-Sponsor Sen. Michael Noland

Senate

Added as Co-Sponsor Sen. Jeffrey M. Schoenberg

Senate

Added as Co-Sponsor Sen. Terry Link

Feb 14, 2008

Senate

Assigned to Revenue

Feb 07, 2008

Senate

Filed with Secretary by Sen. James F. Clayborne, Jr.

Senate

Referred to Rules

Senate

First Reading

Bill Text

Bill Text Versions Format
Introduced HTML
Engrossed HTML
Enrolled HTML

Related Documents

Document Format
Public Act
House Amendment 001
Senate Amendment 001

Sources

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