TREASURER ACT-COLLEGE SAVINGS House SponsorsRep. Robert S. Molaro 1/9/2007HouseSession Sine Die 15 ILCS 505/16.535 ILCS 5/203from Ch. 120, par. 2-203 Amends the State Treasurer Act. Removes the requirement that the State Treasurer adjust each account at least annually to ensure compliance with the requirements of the College Savings Pool. Provides that the Treasurer shall limit the contributions that may be made on behalf of a designated College Savings Pool beneficiary based on the limitations established by the Internal Revenue Service (now, based on an actuarial estimate of what is required to pay tuition, fees, and room and board for 5 undergraduate years at the highest cost eligible educational institution). Amends the Illinois Income Tax Act. Provides that for taxable years beginning on or after January 1, 2006, distributions from certain qualified tuition programs under the Internal Revenue Code that are administered by other states are exempt from the requirement that a distribution from an Internal Revenue Code qualified tuition program be included when determining adjusted gross income for purposes of determining base income. Makes other changes. Effective immediately. 2/22/2005HouseFiled with the Clerk by Rep. Robert S. Molaro 2/22/2005HouseFirst Reading 2/22/2005HouseReferred to Rules Committee 2/24/2005HouseAssigned to Executive Committee 3/10/2005HouseRule 19(a) / Re-referred to Rules Committee 1/9/2007HouseSession Sine Die