Illinois General Assembly - Bill Status for HB3360
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 Bill Status of HB3360  99th General Assembly

Short Description:  ABLE ACCOUNT PROGRAM

House Sponsors
Rep. Laura Fine - Arthur Turner - Kathleen Willis and Daniel V. Beiser

Last Action
DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
15 ILCS 505/16.6 new

Synopsis As Introduced
Amends the State Treasurer Act. Creates the "Achieving a Better Life Experience" or "ABLE" account plan to encourage and assist individuals and families in saving private funds for the purpose of supporting persons with disabilities in endeavors to maintain health, independence, and quality of life. and to provide secure funding for disability-related expenses on behalf of designated beneficiaries with disabilities that will supplement, but not supplant, benefits provided through private insurance, federal and State medical and disability insurance, the beneficiary's employment, and other sources. Provides that the State Treasurer shall be primarily responsible for the plan but shall work with the Illinois State Board of Investment. Sets forth the requirements of the plan. Requires the State Treasurer to adopt rules to implement the program. Defines required terms. Effective immediately.

DateChamber Action
  2/26/2015HouseFiled with the Clerk by Rep. Laura Fine
  2/26/2015HouseFirst Reading
  2/26/2015HouseReferred to Rules Committee
  3/10/2015HouseAssigned to Revenue & Finance Committee
  3/13/2015HouseTo Income Tax Subcommittee
  3/27/2015HouseRule 19(a) / Re-referred to Rules Committee
  3/31/2015HouseAdded Co-Sponsor Rep. Daniel V. Beiser
  4/14/2015HouseAdded Chief Co-Sponsor Rep. Arthur Turner
  4/20/2015HouseAdded Chief Co-Sponsor Rep. Kathleen Willis
  1/10/2017HouseSession Sine Die

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