Bill Status of HB 4626   99th General Assembly


Short Description:  INC TX-529 PLANS

House Sponsors
Rep. Adam Brown

Last Action  View All Actions

DateChamber Action
  1/10/2017HouseSession 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. Creates a deduction for taxable years ending on or after December 31, 2016 in an amount equal to the contributions made by the taxpayer during the taxable year to any qualified tuition program under Section 529 of the Internal Revenue Code, but not to exceed $10,000 in any taxable year (now, that deduction applies only to contributions made to an in-State 529 plan). Effective immediately.

Actions 
DateChamber Action
  2/1/2016HouseFiled with the Clerk by Rep. Adam Brown
  2/1/2016HouseFirst Reading
  2/1/2016HouseReferred to Rules Committee
  1/10/2017HouseSession Sine Die

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