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 Bill Status of HB4376  100th General Assembly


Short Description:  TREASURER-COLLEGE SAVINGS

House Sponsors
Rep. Peter Breen, Margo McDermed, Allen Skillicorn, Patricia R. Bellock and Avery Bourne

Hearings
Revenue & Finance Committee Hearing Mar 1 2018 10:00AM Capitol Building Room 122B Springfield, IL


Last Action
DateChamber Action
  2/12/2018HouseAssigned to Revenue & Finance Committee

Statutes Amended In Order of Appearance
15 ILCS 505/16.5
15 ILCS 505/16.6


Synopsis As Introduced
Amends the State Treasurer Act. In a Section concerning a college savings pool, provides that moneys may be used for qualified expenses allowed pursuant to Section 529 of the Internal Revenue Code. Provides that, before January 1, 2026, the Treasurer shall allow a rollover of funds contained in a College Savings Pool account into an eligible ABLE account. Effective immediately.

Actions 
DateChamber Action
  1/30/2018HouseFiled with the Clerk by Rep. Peter Breen
  1/30/2018HouseFirst Reading
  1/30/2018HouseReferred to Rules Committee
  2/6/2018HouseAdded Co-Sponsor Rep. Margo McDermed
  2/6/2018HouseAdded Co-Sponsor Rep. Allen Skillicorn
  2/8/2018HouseAdded Co-Sponsor Rep. Patricia R. Bellock
  2/12/2018HouseAssigned to Revenue & Finance Committee
  2/20/2018HouseAdded Co-Sponsor Rep. Avery Bourne

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