Bill Status of HB 4921   100th General Assembly


Short Description:  ABLE ACCT PROG-TAX DEDUCTION

House Sponsors
Rep. Natalie A. Manley

Last Action  View All Actions

DateChamber Action
  1/8/2019HouseSession Sine Die

Statutes Amended In Order of Appearance
15 ILCS 505/16.6
35 ILCS 5/203from Ch. 120, par. 2-203

Synopsis As Introduced
Amends the State Treasurer Act. Provides that contributions to an ABLE account during the taxable year may be deducted from adjusted gross income in a specified Section of the Illinois Income Tax Act. Defines "donor". Amends the Illinois Income Tax Act. Provides for the modification of adjusted gross income for taxable years beginning on or after January 1, 2019 by adding a maximum of $10,000 contributed in the taxable year to an ABLE account to the calculation of adjusted gross income. Effective immediately.

Actions 
DateChamber Action
  2/14/2018HouseFiled with the Clerk by Rep. Natalie A. Manley
  2/14/2018HouseFirst Reading
  2/14/2018HouseReferred to Rules Committee
  3/21/2018HouseAssigned to Revenue & Finance Committee
  4/12/2018HouseTo Income Tax Subcommittee
  4/13/2018HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2019HouseSession Sine Die

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