HB 4626

  • Illinois House Bill
  • 99th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Inc Tx-529 Plans

Abstract

Amends the Illinois Income Tax Act. Creates a deduction for taxable years ending on or after December 31, 2016 in an amount equal to the contributions made by the taxpayer during the taxable year to any qualified tuition program under Section 529 of the Internal Revenue Code, but not to exceed $10,000 in any taxable year (now, that deduction applies only to contributions made to an in-State 529 plan). Effective immediately.

Bill Sponsors (1)

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Jan 10, 2017

House

Session Sine Die

Feb 01, 2016

House

Filed with the Clerk by Rep. Adam Brown

House

First Reading

House

Referred to Rules Committee

Bill Text

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