Bill Status of HB 5310   103rd General Assembly

Short Description:  INC TX-529 CONVERSION

House Sponsors
Rep. Abdelnasser Rashid

Last Action  View All Actions

DateChamber Action
  2/9/2024HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 5/203

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a deduction for amounts that are included in the taxpayer's federal adjusted gross income for the taxable year that are attributable to the conversion of funds from a qualified tuition program established pursuant to Section 529 of the Internal Revenue Code to a Roth IRA. Effective immediately.

Actions 
DateChamber Action
  2/9/2024HouseFiled with the Clerk by Rep. Abdelnasser Rashid
  2/9/2024HouseFirst Reading
  2/9/2024HouseReferred to Rules Committee

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