Bill Status of HB 4937   102nd General Assembly

Short Description:  STATE TREASURER-ABLE ACCOUNTS

House Sponsors
Rep. Dagmara Avelar-Natalie A. Manley

Senate Sponsors
(Sen. Laura Ellman)


Last Action  View All Actions

DateChamber Action
  1/10/2023HouseSession Sine Die

Statutes Amended In Order of Appearance
15 ILCS 505/16.6

Synopsis As Introduced
Amends the State Treasurer Act. In provisions concerning the ABLE account program, provides that a "designated representative" means a person or entity (currently, person only) who is authorized to act on behalf of a "designated beneficiary". Provides that a person or entity seeking to open an ABLE account on behalf of a designated beneficiary must provide certification, subject to penalties of perjury, of the basis for the person's or entity's authority to act as a designated representative and that there is no other person or entity with higher priority to establish the ABLE account. Removes provisions allowing the State Treasurer to recognize specified persons or entities as a designated representative without appointment by a court. Provides that the State Treasurer may require any certifications that he or she deems necessary to implement the ABLE program, including oaths or affirmations made under penalties of perjury. Defines "Internal Revenue Code". Effective immediately.

Actions 
DateChamber Action
  1/25/2022HouseFiled with the Clerk by Rep. Dagmara Avelar
  1/27/2022HouseFirst Reading
  1/27/2022HouseReferred to Rules Committee
  2/1/2022HouseAssigned to State Government Administration Committee
  2/9/2022HouseDo Pass / Consent Calendar State Government Administration Committee; 008-000-000
  2/15/2022HousePlaced on Calendar 2nd Reading - Consent Calendar
  2/15/2022HouseAdded Chief Co-Sponsor Rep. Natalie A. Manley
  2/17/2022HouseSecond Reading - Consent Calendar
  2/17/2022HouseHeld on Calendar Order of Second Reading - Consent Calendar
  3/1/2022HousePlaced on Calendar Order of 3rd Reading - Consent Calendar
  3/2/2022HouseThird Reading - Consent Calendar - First Day
  3/3/2022HouseThird Reading - Consent Calendar - Passed 104-000-000
  3/4/2022SenateArrive in Senate
  3/4/2022SenatePlaced on Calendar Order of First Reading
  3/4/2022SenateChief Senate Sponsor Sen. Laura Ellman
  3/4/2022SenateFirst Reading
  3/4/2022SenateReferred to Assignments
  1/10/2023HouseSession Sine Die

Back To Top