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 Bill Status of SB2017  100th General Assembly


Short Description:  INC TX-ABLE CONTRIBUTIONS

Senate Sponsors
Sen. Dan McConchie - Pamela J. Althoff - Toi W. Hutchinson - Scott M. Bennett

Last Action
DateChamber Action
  5/5/2017SenateRule 3-9(a) / Re-referred to Assignments

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 in an amount equal to the amount contributed by taxpayer during the taxable year to an ABLE account. Provides that the deduction shall not exceed $10,000 per taxpayer in any taxable year. Provides that the deduction is exempt from the Act's automatic sunset provision. Effective immediately.

Actions 
DateChamber Action
  2/10/2017SenateFiled with Secretary by Sen. Dan McConchie
  2/10/2017SenateFirst Reading
  2/10/2017SenateReferred to Assignments
  2/16/2017SenateAdded as Chief Co-Sponsor Sen. Pamela J. Althoff
  2/16/2017SenateAdded as Chief Co-Sponsor Sen. Toi W. Hutchinson
  2/28/2017SenateAssigned to Revenue
  3/9/2017SenatePostponed - Revenue
  3/16/2017SenatePostponed - Revenue
  3/17/2017SenateRule 2-10 Committee Deadline Established As April 7, 2017
  4/5/2017SenateAdded as Chief Co-Sponsor Sen. Scott M. Bennett
  4/6/2017SenatePostponed - Revenue
  4/7/2017SenateRule 2-10 Committee Deadline Established As May 5, 2017
  5/5/2017SenateRule 3-9(a) / Re-referred to Assignments

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