Patricia R. Bellock
- Republican
Primary
Amends the State Treasurer Act. Requires the State Treasurer to establish an Achieving a Better Life Experience (ABLE) program, pursuant to Section 529A of the Internal Revenue Code, for the purpose of administering ABLE accounts established to encourage and assist individuals and families in saving private funds for the purpose of supporting individuals with disabilities. Amends the Illinois Income Tax Act. Creates a corresponding deduction for contributions to an ABLE account. Provides for an addition modification in an amount equal to the contribution component of any nonqualified withdrawal or refund from an ABLE account that was previously deducted under the Act.
No votes to display
Session Sine Die
Rule 19(a) / Re-referred to Rules Committee
To Income Tax Subcommittee
Assigned to Revenue & Finance Committee
Added Chief Co-Sponsor Rep. Charles Meier
Filed with the Clerk by Rep. Patricia R. Bellock
Referred to Rules Committee
First Reading
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