Illinois General Assembly - Bill Status for HB4626

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Bill Status of HB4626 99th General Assembly

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Short Description: INC TX-529 PLANS

House Sponsors
Rep. Adam Brown

Last Action

Date	Chamber	Action
1/10/2017	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/203

from 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

Date	Chamber	Action
2/1/2016	House	Filed with the Clerk by Rep. Adam Brown
2/1/2016	House	First Reading
2/1/2016	House	Referred to Rules Committee
1/10/2017	House	Session Sine Die

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