INC TX-ABLE ACCOUNTS Senate SponsorsSen. Cristina Castro 6/2/2025SenateRule 3-9(a) / Re-referred to Assignments 35 ILCS 5/246 newAmends the Illinois Income Tax Act. Creates an income tax credit for contributions to an ABLE account. Provides that the credit shall be in an amount equal to 25% of that matching contribution, but not to exceed $500 per contributing employee per taxable year. Effective immediately. 2/6/2025SenateFiled with Secretary by Sen. Cristina Castro 2/6/2025SenateFirst Reading 2/6/2025SenateReferred to Assignments 2/25/2025SenateAssigned to Revenue 3/21/2025SenateRule 2-10 Committee Deadline Established As April 11, 2025 4/11/2025SenateRule 2-10 Committee Deadline Established As May 9, 2025 5/9/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025 5/23/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025 6/2/2025SenateRule 3-9(a) / Re-referred to Assignments