Senate Sponsors: DEMUZIO. Short description: INC TX-EDUCATION IRA DEDUCTION Synopsis of Bill as introduced: Amends the Illinois Income Tax Act. Grants to individuals a deduction in an amount equal to the amount contributed to an education individual retirement account under the federal Internal Revenue Code, but not more than $500. Exempts the deduction from the Act's sunset provisions. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status