Bill Status of HB 4882   103rd General Assembly

Short Description:  529 COLLEGE SAVINGS POOL

House Sponsors
Rep. Dennis Tipsword, Jr.

Last Action  View All Actions

DateChamber Action
  2/7/2024HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
15 ILCS 505/16.5
15 ILCS 505/16.8
15 ILCS 520/22.5from Ch. 130, par. 41a
35 ILCS 5/203from Ch. 120, par. 2-203
35 ILCS 5/218
735 ILCS 5/12-1001from Ch. 110, par. 12-1001
750 ILCS 5/513from Ch. 40, par. 513

Synopsis As Introduced
Amends the State Treasurer Act. In provisions relating to the College Savings Pool established by the State Treasurer pursuant to Section 529 of the Internal Revenue Code, provides that an "eligible educational institution" includes elementary or secondary public, private, or religious schools and "qualified expenses" include expenses, up to $10,000 per taxable year, for tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school. Amends the Deposit of State Moneys Act, Illinois Income Tax Act, the Code of Civil Procedure, and the Illinois Marriage and Dissolution of Marriage Act to make conforming changes. Effective immediately.

Actions 
DateChamber Action
  2/6/2024HouseFiled with the Clerk by Rep. Dennis Tipsword, Jr.
  2/7/2024HouseFirst Reading
  2/7/2024HouseReferred to Rules Committee

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