PREPAID TUITION CONTRACT-WARD
Synopsis of Bill as introduced:
Amends the Illinois Prepaid Tuition Act and the Probate Act of
1975. Provides that the Section exempting the assets and income of the
Illinois Prepaid Tuition Trust Fund from taxation under the Illinois
Income Tax Act are exempt from the sunset provisions of that Act.
Provides that an Illinois prepaid tuition contract shall be considered
an investment for the purpose of investing a ward's money under the
Probate Act of 1975. Effective immediately.
Last action on Bill: PUBLIC ACT.............................. 91-0867
Last action date: 00-06-22
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status