Date	Chamber	Action
8/3/2007	House	Public Act . . . . . . . . . 95-0023

Statutes Amended In Order of Appearance

15 ILCS 505/16.5

35 ILCS 5/203

from Ch. 120, par. 2-203

Synopsis As Introduced
Amends the State Treasurer Act. Removes the requirement that the State Treasurer adjust each account at least annually to ensure compliance with the requirements of the College Savings Pool. Provides that the Treasurer shall limit the contributions that may be made on behalf of a designated College Savings Pool beneficiary based on the limitations established by the Internal Revenue Service (now, based on an actuarial estimate of what is required to pay tuition, fees, and room and board for 5 undergraduate years at the highest cost eligible educational institution). Amends the Illinois Income Tax Act. Provides that for taxable years beginning on or after January 1, 2007, distributions from certain qualified tuition programs under the Internal Revenue Code that are administered by other states are exempt from the requirement that a distribution from an Internal Revenue Code qualified tuition program be included when determining adjusted gross income for purposes of determining base income. Requires taxpayers to add to their base income an amount equal to the amount previously deducted for deposits into a qualified tuition program if the moneys are transferred from a qualified tuition program that is administered by the State to an out-of-state program. Makes other changes. Effective immediately.

Actions 

Date	Chamber	Action
1/23/2007	House	Filed with the Clerk by Rep. Jack D. Franks
1/26/2007	House	First Reading
1/26/2007	House	Referred to Rules Committee
1/31/2007	House	Assigned to Financial Institutions Committee
2/8/2007	House	Added Chief Co-Sponsor Rep. Robert S. Molaro
2/8/2007	House	Added Chief Co-Sponsor Rep. Michael Tryon
2/8/2007	House	Added Chief Co-Sponsor Rep. Elizabeth Coulson
2/8/2007	House	Chief Co-Sponsor Changed to Rep. Robert S. Molaro
2/8/2007	House	Chief Co-Sponsor Changed to Rep. Elizabeth Coulson
2/16/2007	House	Added Chief Co-Sponsor Rep. Barbara Flynn Currie
2/16/2007	House	Remove Chief Co-Sponsor Rep. Michael Tryon
2/16/2007	House	Added Chief Co-Sponsor Rep. Deborah L. Graham
2/16/2007	House	Added Co-Sponsor Rep. Michael Tryon
2/16/2007	House	Added Co-Sponsor Rep. Linda Chapa LaVia
2/16/2007	House	Added Co-Sponsor Rep. Aaron Schock
2/16/2007	House	Added Co-Sponsor Rep. Harry Osterman
2/16/2007	House	Added Co-Sponsor Rep. John A. Fritchey
2/16/2007	House	Added Co-Sponsor Rep. Sara Feigenholtz
2/21/2007	House	Added Co-Sponsor Rep. Ron Stephens
2/21/2007	House	Added Co-Sponsor Rep. Jim Watson
2/21/2007	House	Added Co-Sponsor Rep. Carolyn H. Krause
2/21/2007	House	Do Pass / Short Debate Financial Institutions Committee; 020-000-000
2/22/2007	House	Placed on Calendar 2nd Reading - Short Debate
2/22/2007	House	Added Co-Sponsor Rep. Marlow H. Colvin
2/22/2007	House	Added Co-Sponsor Rep. Joseph M. Lyons
2/22/2007	House	Added Co-Sponsor Rep. Daniel J. Burke
2/22/2007	House	Added Co-Sponsor Rep. Monique D. Davis
2/22/2007	House	Added Co-Sponsor Rep. Rich Brauer
2/22/2007	House	Added Co-Sponsor Rep. Kenneth Dunkin
2/22/2007	House	Added Co-Sponsor Rep. Chapin Rose
2/22/2007	House	Added Co-Sponsor Rep. Mike Boland
2/22/2007	House	Added Co-Sponsor Rep. Michael K. Smith
2/23/2007	House	Second Reading - Short Debate
2/23/2007	House	Placed on Calendar Order of 3rd Reading - Short Debate
2/28/2007	House	Remove Chief Co-Sponsor Rep. Deborah L. Graham
2/28/2007	House	Added Chief Co-Sponsor Rep. Michael Tryon
2/28/2007	House	Added Co-Sponsor Rep. Deborah L. Graham
2/28/2007	House	Removed Co-Sponsor Rep. Michael Tryon
2/28/2007	House	Third Reading - Short Debate - Passed 113-000-000
2/28/2007	House	Added Co-Sponsor Rep. Richard T. Bradley
2/28/2007	House	Added Co-Sponsor Rep. Kevin A. McCarthy
2/28/2007	House	Added Co-Sponsor Rep. Karen May
2/28/2007	House	Added Co-Sponsor Rep. James H. Meyer
2/28/2007	House	Added Co-Sponsor Rep. Thomas Holbrook
2/28/2007	House	Added Co-Sponsor Rep. Fred Crespo
2/28/2007	House	Added Co-Sponsor Rep. Jay C. Hoffman
2/28/2007	House	Added Co-Sponsor Rep. David R. Leitch
2/28/2007	House	Added Co-Sponsor Rep. Mike Bost
3/1/2007	Senate	Arrive in Senate
3/1/2007	Senate	Placed on Calendar Order of First Reading March 2, 2007
3/1/2007	Senate	Chief Senate Sponsor Sen. James F. Clayborne, Jr.
3/1/2007	Senate	Added as Alternate Chief Co-Sponsor Sen. Jeffrey M. Schoenberg
3/1/2007	Senate	Added as Alternate Chief Co-Sponsor Sen. Kimberly A. Lightford
3/2/2007	Senate	Added as Alternate Chief Co-Sponsor Sen. Pamela J. Althoff
3/2/2007	Senate	Added as Alternate Chief Co-Sponsor Sen. Don Harmon
3/2/2007	Senate	Added as Alternate Co-Sponsor Sen. Jacqueline Y. Collins
3/6/2007	Senate	First Reading
3/6/2007	Senate	Referred to Rules
3/14/2007	House	Added Co-Sponsor Rep. Naomi D. Jakobsson
3/30/2007	Senate	Assigned to Revenue
4/12/2007	Senate	Added as Alternate Co-Sponsor Sen. Michael W. Frerichs
4/18/2007	Senate	Added as Alternate Co-Sponsor Sen. Linda Holmes
4/18/2007	Senate	Added as Alternate Co-Sponsor Sen. David Koehler
4/18/2007	Senate	Added as Alternate Co-Sponsor Sen. Michael Bond
4/19/2007	Senate	Added as Alternate Co-Sponsor Sen. John M. Sullivan
4/19/2007	Senate	Do Pass Revenue; 009-000-000
4/19/2007	Senate	Placed on Calendar Order of 2nd Reading April 20, 2007
4/25/2007	Senate	Added as Alternate Co-Sponsor Sen. Michael Noland
5/15/2007	Senate	Second Reading
5/15/2007	Senate	Placed on Calendar Order of 3rd Reading May 16, 2007
5/23/2007	Senate	Third Reading - Passed; 056-000-000
5/23/2007	House	Passed Both Houses
6/5/2007	House	Sent to the Governor
8/3/2007	House	Governor Approved
8/3/2007	House	Effective Date August 3, 2007
8/3/2007	House	Public Act . . . . . . . . . 95-0023

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