Illinois General Assembly - Bill Status for HB3054
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 Bill Status of HB3054  93rd General Assembly


Short Description:  INC TAX-COLLEGE SAVINGS PLANS

House Sponsors
Rep. Robert S. Molaro - David A. Wirsing

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/203from Ch. 120, par. 2-203


Synopsis As Introduced
Amends the Illinois Income Tax Act. In provisions requiring individual taxpayers to add distributions from qualified tuition programs other than those administered by the State of Illinois back into adjusted gross income, provides that distributions do not have to be added back if they are from qualified tuition programs that are administered by a state that has passed a law that provides an unlimited state tax deduction for moneys distributed from a qualified tuition program administered by the State of Illinois. In provisions authorizing a deduction for contributions to a College Savings Pool account under the State Treasurer Act, also allows a deduction for contributions to the Illinois Prepaid Tuition Trust Fund. Effective immediately.

House Committee Amendment No. 1
Deletes reference to:
35 ILCS 5/203
Adds reference to:
35 ILCS 5/101from Ch. 120, par. 1-101

Deletes everything after the enacting clause. Amends the Illinois Income Tax Act. Makes technical changes in a Section concerning the short title.

 Fiscal Note (Department of Revenue)
 House Bill 3054, as amended, has no effect on the Department of Revenue or the State of Illinois.

Actions 
DateChamber Action
  2/26/2003HouseFiled with the Clerk by Rep. Robert S. Molaro
  2/26/2003HouseFirst Reading
  2/26/2003HouseReferred to Rules Committee
  2/27/2003HouseAssigned to Revenue Committee
  3/13/2003HouseHouse Committee Amendment No. 1 Filed with Clerk by Revenue Committee
  3/13/2003HouseHouse Committee Amendment No. 1 Adopted in Revenue Committee; by Voice Vote
  3/13/2003HouseDo Pass as Amended / Short Debate Revenue Committee; 009-000-000
  3/13/2003HousePlaced on Calendar 2nd Reading - Short Debate
  3/24/2003HouseFiscal Note Filed as amended by House Amendment No. 1
  4/4/2003HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2005HouseSession Sine Die

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