Bill Status of HB 4732   95th General Assembly

Short Description:  INC TX-BASE INCOME MODIFY

House Sponsors
Rep. Daniel J. Burke-Thomas Holbrook, Bob Biggins, Angelo Saviano and Daniel V. Beiser

Senate Sponsors
(Sen. Michael Bond)


Last Action  View All Actions

DateChamber Action
  1/13/2009HouseSession Sine Die

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

Synopsis As Introduced
Amends the Illinois Income Tax Act. Requires an addition modification to base income of an amount equal to the contribution component of any nonqualified withdrawal from a tuition savings program that was previously deducted from base income. Effective immediately.

House Amendment No. 1
Provides that the addition modification must also be made for a refund from a tuition savings program. Requires that the modification be made only if the nonqualified withdrawal or refund did not result from the beneficiary's death, disability, or receipt of a scholarship. Provides that there is no rulemaking authority under the amendatory Act, but that the Governor may suggest rules by filing them with the General Assembly and requesting that the General Assembly authorize such rulemaking by law, enact the suggested rules into law, or take other appropriate action in the General Assembly's discretion.

Actions 
DateChamber Action
  1/31/2008HouseFiled with the Clerk by Rep. Daniel J. Burke
  2/1/2008HouseFirst Reading
  2/1/2008HouseReferred to Rules Committee
  3/3/2008HouseAssigned to Revenue Committee
  3/12/2008HouseAdded Co-Sponsor Rep. Bob Biggins
  3/13/2008HouseRecommends Do Pass Subcommittee/ Revenue Committee; 003-000-000
  3/13/2008HouseHouse Amendment No. 1 Filed with Clerk by Revenue Committee
  3/13/2008HouseHouse Amendment No. 1 Adopted in Revenue Committee; by Voice Vote
  3/13/2008HouseDo Pass as Amended / Short Debate Revenue Committee; 012-000-000
  3/13/2008HousePlaced on Calendar 2nd Reading - Short Debate
  4/2/2008HouseAdded Co-Sponsor Rep. Angelo Saviano
  4/2/2008HouseSecond Reading - Short Debate
  4/2/2008HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/3/2008HouseAdded Co-Sponsor Rep. Daniel V. Beiser
  4/3/2008HouseThird Reading - Short Debate - Passed 084-020-000
  4/3/2008HouseAdded Chief Co-Sponsor Rep. Thomas Holbrook
  4/8/2008SenateArrive in Senate
  4/8/2008SenatePlaced on Calendar Order of First Reading April 9, 2008
  4/9/2008SenateChief Senate Sponsor Sen. Michael Bond
  4/9/2008SenateFirst Reading
  4/9/2008SenateReferred to Rules
  5/15/2008SenateRule 2-10 Committee Deadline Established As May 22, 2008; Substantive House Bills Out of Committee
  1/13/2009HouseSession Sine Die

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