House Sponsors: MULLIGAN. Short description: INC TAX-COLLEGE SAVINGS POOL Synopsis of Bill as introduced: Amends the Illinois Income Tax Act. Provides for a deduction from adjusted gross income, for taxable years beginning on or after March 1, 2000, of an amount equal to any amount included in adjusted gross income representing (i) any amount held in, (ii) earnings on any amount held in, or (iii) disbursements from a College Savings Pool account established under the State Treasurer Act, so long as disbursed amounts are used for qualified expenses as determined under the State Treasurer Act. Exempts the deduction from the sunset provisions of the Act. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status