Illinois General Assembly - Bill Status for HB3032
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 Bill Status of HB3032  97th General Assembly

Short Description:  SAVINGS POOL FOR DEV DISABLED

House Sponsors
Rep. Kelly Burke - Elaine Nekritz - Sidney H. Mathias - Patricia R. Bellock - Michelle Mussman, Michael P. McAuliffe, Renée Kosel, Carol A. Sente, Chris Nybo, Angelo Saviano, Ann Williams, Kelly M. Cassidy, Jehan A. Gordon, Keith Farnham and Fred Crespo

Last Action
DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
15 ILCS 505/17.10 new
35 ILCS 5/203from Ch. 120, par. 2-203


Synopsis As Introduced
Amends the State Treasurer Act. Authorizes the State Treasurer to establish and administer an Educational Opportunities for the Developmentally Disabled Savings Pool to supplement and enhance the investment opportunities otherwise available to persons seeking to finance the costs of providing expanded educational and employment opportunities to persons with a developmental disability. Provides that participants in the Pool are required to use moneys distributed from the Pool for qualified expenses. Contains penalty provisions. Sets forth the duties of the State Treasurer with respect to the Educational Opportunities for the Developmentally Disabled Savings Pool. Defines "developmental disability" and "qualified expenses". Amends the Illinois Income Tax Act. Creates a deduction for individual taxpayers equal to the amount contributed by the taxpayer to an Educational Opportunities for the Developmentally Disabled Savings Pool account during the taxable year, but not to exceed $20,000 per taxable year. Effective immediately.

Actions 
DateChamber Action
  2/23/2011HouseFiled with the Clerk by Rep. Kelly Burke
  2/23/2011HouseFirst Reading
  2/23/2011HouseReferred to Rules Committee
  2/28/2011HouseAssigned to Revenue & Finance Committee
  3/1/2011HouseAdded Chief Co-Sponsor Rep. Elaine Nekritz
  3/1/2011HouseAdded Chief Co-Sponsor Rep. Sidney H. Mathias
  3/2/2011HouseAdded Co-Sponsor Rep. Michael P. McAuliffe
  3/8/2011HouseAdded Co-Sponsor Rep. Renée Kosel
  3/9/2011HouseAdded Chief Co-Sponsor Rep. Patricia R. Bellock
  3/10/2011HouseAdded Chief Co-Sponsor Rep. Michelle Mussman
  3/16/2011HouseAdded Co-Sponsor Rep. Carol A. Sente
  3/17/2011HouseRecommends Do Pass Subcommittee/ Revenue & Finance Committee; 003-000-000
  3/17/2011HouseRemains in Revenue & Finance Committee
  3/17/2011HouseDo Pass / Standard Debate Revenue & Finance Committee; 005-004-000
  3/17/2011HousePlaced on Calendar 2nd Reading - Standard Debate
  4/14/2011HouseAdded Co-Sponsor Rep. Chris Nybo
  4/14/2011HouseAdded Co-Sponsor Rep. Angelo Saviano
  4/14/2011HouseAdded Co-Sponsor Rep. Ann Williams
  4/14/2011HouseSecond Reading - Standard Debate
  4/14/2011HouseHeld on Calendar Order of Second Reading - Standard Debate
  4/15/2011HouseRule 19(a) / Re-referred to Rules Committee
  1/30/2012HouseApproved for Consideration Rules Committee; 003-000-000
  1/30/2012HousePlaced on Calendar 2nd Reading - Standard Debate
  2/8/2012HouseAdded Co-Sponsor Rep. Kelly M. Cassidy
  2/15/2012HouseAdded Co-Sponsor Rep. Jehan A. Gordon
  2/15/2012HouseAdded Co-Sponsor Rep. Keith Farnham
  2/16/2012HouseAdded Co-Sponsor Rep. Fred Crespo
  3/30/2012HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die

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