INC TAX- COLLEGE SAVINGS PLAN Senate SponsorsSen. James F. Clayborne, Jr., Dan Duffy-Kyle McCarter, John J. Millner, Linda Holmes, Emil Jones, III, Martin A. Sandoval, Edward D. Maloney and Bill Brady House Sponsors(Rep. Patrick J. Verschoore-Mike Bost-Charles E. Jefferson-William Davis-Dan Reitz, Deborah Mell, Michael J. Zalewski, Elizabeth Hernandez, Keith Farnham, Edward J. Acevedo, Daniel V. Beiser, Michael K. Smith, Chapin Rose, Jehan A. Gordon, Linda Chapa LaVia, Brandon W. Phelps, Emily McAsey, Careen M. Gordon, David E. Miller, Annazette Collins, Deborah L. Graham, Mike Fortner, Jack D. Franks, Sandy Cole, William B. Black, Elizabeth Coulson, Sandra M. Pihos, Bob Biggins, Michael P. McAuliffe, Jil Tracy, Darlene J. Senger, Ronald A. Wait, David Reis, John D. Cavaletto, Michael G. Connelly, Kay Hatcher, Raymond Poe, Rich Brauer, Ron Stephens, Dennis M. Reboletti, Franco Coladipietro, Randy Ramey, Jr., Roger L. Eddy, Donald L. Moffitt and Mark H. Beaubien, Jr.) 8/10/2009SenatePublic Act . . . . . . . . . 96-0198 35 ILCS 5/218 new110 ILCS 947/5110 ILCS 947/20Amends the Higher Education Student Assistance Act and the Illinois Income Tax Act. Authorizes the Illinois Student Assistance Commission to establish systems and programs to encourage employers to match employee contributions to prepaid programs of college savings by making donations to the Commission for prepaid programs of college savings and its programs of grants and loans to make higher education affordable for all residents of the State and to receive, hold, and disburse all such funds made available through those programs for the purposes for which they are authorized by rule or by law. Creates an income tax credit for employers who, during the taxable year, make a matching donation on behalf of an employee. Provides that the credit is 25% of the matching donation, but not to exceed $500 per employee. Provides that the credit may be carried forward for 3 taxable years. Effective immediately.Senate Committee Amendment No. 1 Removes language from the introduced bill that allows the Illinois Student Assistance Commission to establish systems and programs to encourage employers to match employee contributions to prepaid programs of college savings by making donations to the Commission's programs of grants and loans.Senate Floor Amendment No. 2 Adds reference to:35 ILCS 5/203from Ch. 120, par. 2-203Further amends the Illinois Income Tax Act. Creates an addition modification in an amount equal to the credit claimed by the taxpayer for matching contributions to a qualified college savings plan. Provides that the credit for matching contributions may be carried forward for 5 taxable years (instead of 3 taxable years). Makes other changes. 1/30/2009SenateFiled with Secretary by Sen. James F. Clayborne, Jr. 1/30/2009SenateFirst Reading 1/30/2009SenateReferred to Assignments 2/4/2009SenateAssigned to Higher Education 2/17/2009SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. James F. Clayborne, Jr. 2/17/2009SenateSenate Committee Amendment No. 1 Referred to Assignments 2/18/2009SenateSenate Committee Amendment No. 1 Assignments Refers to Higher Education 2/18/2009SenateAdded as Co-Sponsor Sen. Dan Duffy 2/18/2009SenateSenate Committee Amendment No. 1 Adopted 2/19/2009SenateDo Pass as Amended Higher Education; 010-000-000 2/19/2009SenatePlaced on Calendar Order of 2nd Reading February 20, 2009 2/27/2009SenateSecond Reading 2/27/2009SenatePlaced on Calendar Order of 3rd Reading March 4, 2009 2/27/2009SenateAdded as Chief Co-Sponsor Sen. Kyle McCarter 3/6/2009SenateAdded as Co-Sponsor Sen. John J. Millner 3/25/2009SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. James F. Clayborne, Jr. 3/25/2009SenateSenate Floor Amendment No. 2 Referred to Assignments 3/30/2009SenateSenate Floor Amendment No. 2 Assignments Refers to Higher Education 3/31/2009SenateAdded as Co-Sponsor Sen. Linda Holmes 3/31/2009SenateSenate Floor Amendment No. 2 Recommend Do Adopt Higher Education; 007-000-000 4/2/2009SenateRecalled to Second Reading 4/2/2009SenateSenate Floor Amendment No. 2 Adopted; Clayborne 4/2/2009SenatePlaced on Calendar Order of 3rd Reading 4/2/2009SenateAdded as Co-Sponsor Sen. Emil Jones, III 4/2/2009SenateAdded as Co-Sponsor Sen. Martin A. Sandoval 4/2/2009SenateAdded as Co-Sponsor Sen. Edward D. Maloney 4/2/2009SenateAdded as Co-Sponsor Sen. Bill Brady 4/2/2009SenateThird Reading - Passed; 058-000-000 4/2/2009HouseArrived in House 4/2/2009HousePlaced on Calendar Order of First Reading 4/2/2009HouseChief House Sponsor Rep. Patrick J. Verschoore 4/2/2009HouseFirst Reading 4/2/2009HouseReferred to Rules Committee 4/14/2009HouseAssigned to Revenue & Finance Committee 4/23/2009HouseAdded Alternate Co-Sponsor Rep. Deborah Mell 4/28/2009HouseAdded Alternate Chief Co-Sponsor Rep. Mike Bost 4/28/2009HouseAdded Alternate Chief Co-Sponsor Rep. Charles E. Jefferson 4/28/2009HouseAdded Alternate Chief Co-Sponsor Rep. Edward J. Acevedo 4/28/2009HouseAdded Alternate Chief Co-Sponsor Rep. Dan Reitz 4/28/2009HouseAdded Alternate Co-Sponsor Rep. Michael J. Zalewski 4/29/2009HouseAdded Alternate Co-Sponsor Rep. William Davis 4/29/2009HouseAdded Alternate Co-Sponsor Rep. Elizabeth Hernandez 4/29/2009HouseAdded Alternate Co-Sponsor Rep. Keith Farnham 4/29/2009HouseAlternate Co-Sponsor Removed Rep. William Davis 4/29/2009HouseAlternate Chief Co-Sponsor Removed Rep. Edward J. Acevedo 4/29/2009HouseAdded Alternate Chief Co-Sponsor Rep. William Davis 4/29/2009HouseAdded Alternate Co-Sponsor Rep. Edward J. Acevedo 4/29/2009HouseAdded Alternate Co-Sponsor Rep. Daniel V. Beiser 4/29/2009HouseAdded Alternate Co-Sponsor Rep. Michael K. Smith 4/29/2009HouseAdded Alternate Co-Sponsor Rep. Chapin Rose 4/30/2009HouseAdded Alternate Co-Sponsor Rep. Jehan A. Gordon 4/30/2009HouseDo Pass / Short Debate Revenue & Finance Committee; 008-000-000 4/30/2009HousePlaced on Calendar 2nd Reading - Short Debate 4/30/2009HouseAdded Alternate Co-Sponsor Rep. Linda Chapa LaVia 4/30/2009HouseAdded Alternate Co-Sponsor Rep. Brandon W. Phelps 5/5/2009HouseAdded Alternate Co-Sponsor Rep. Emily McAsey 5/7/2009HouseAdded Alternate Co-Sponsor Rep. Careen M. Gordon 5/11/2009HouseAdded Alternate Co-Sponsor Rep. David E. Miller 5/11/2009HouseAdded Alternate Co-Sponsor Rep. Annazette Collins 5/11/2009HouseAdded Alternate Co-Sponsor Rep. Deborah L. Graham 5/12/2009HouseSecond Reading - Short Debate 5/12/2009HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/13/2009HouseThird Reading - Short Debate - Passed 115-000-000 5/13/2009SenatePassed Both Houses 5/13/2009HouseAdded Alternate Co-Sponsor Rep. Mike Fortner 5/13/2009HouseAdded Alternate Co-Sponsor Rep. Jack D. Franks 5/13/2009HouseAdded Alternate Co-Sponsor Rep. Sandy Cole 5/13/2009HouseAdded Alternate Co-Sponsor Rep. William B. Black 5/13/2009HouseAdded Alternate Co-Sponsor Rep. Elizabeth Coulson 5/13/2009HouseAdded Alternate Co-Sponsor Rep. Sandra M. Pihos 5/13/2009HouseAdded Alternate Co-Sponsor Rep. Bob Biggins 5/13/2009HouseAdded Alternate Co-Sponsor Rep. Michael P. McAuliffe 5/13/2009HouseAdded Alternate Co-Sponsor Rep. Jil Tracy 5/13/2009HouseAdded Alternate Co-Sponsor Rep. Darlene J. Senger 5/13/2009HouseAdded Alternate Co-Sponsor Rep. Ronald A. Wait 5/13/2009HouseAdded Alternate Co-Sponsor Rep. David Reis 5/13/2009HouseAdded Alternate Co-Sponsor Rep. John D. Cavaletto 5/13/2009HouseAdded Alternate Co-Sponsor Rep. Michael G. Connelly 5/13/2009HouseAdded Alternate Co-Sponsor Rep. Kay Hatcher 5/13/2009HouseAdded Alternate Co-Sponsor Rep. Raymond Poe 5/13/2009HouseAdded Alternate Co-Sponsor Rep. Rich Brauer 5/13/2009HouseAdded Alternate Co-Sponsor Rep. Ron Stephens 5/13/2009HouseAdded Alternate Co-Sponsor Rep. Dennis M. Reboletti 5/13/2009HouseAdded Alternate Co-Sponsor Rep. Franco Coladipietro 5/13/2009HouseAdded Alternate Co-Sponsor Rep. Randy Ramey, Jr. 5/13/2009HouseAdded Alternate Co-Sponsor Rep. Roger L. Eddy 5/13/2009HouseAdded Alternate Co-Sponsor Rep. Donald L. Moffitt 5/13/2009HouseAdded Alternate Co-Sponsor Rep. Mark H. Beaubien, Jr. 6/11/2009SenateSent to the Governor 8/10/2009SenateGovernor Approved 8/10/2009SenateEffective Date August 10, 2009 8/10/2009SenatePublic Act . . . . . . . . . 96-0198