91st General Assembly
Summary of SB1537
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Senate Sponsors:

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Short description: 
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

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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