Date	Chamber	Action
1/28/2025	House	Referred to Rules Committee

Statutes Amended In Order of Appearance

15 ILCS 505/16.6

30 ILCS 105/5.1030 new

Synopsis As Introduced
Amends the State Treasurer Act. Provides that, subject to appropriation, the State Treasurer may make a matching contribution of $50 to an ABLE account opened on or after January 1, 2026 for a beneficiary who is a resident of Illinois. Provides that the matching contribution shall be limited to one contribution per beneficiary and shall not be treated differently from any other contributions to the account. Provides that if there are insufficient funds available, the State Treasurer may reduce the matching contribution amount or forgo contributions. Provides that the Illinois ABLE Matching Contribution Fund shall be the official repository of all contributions, appropriated funds, interest, and dividend payments, gifts, or other financial assets received by the State Treasurer in connection with matching contributions to ABLE accounts. Amends the State Finance Act. Creates the Illinois ABLE Matching Contribution Fund.

Actions 

Date	Chamber	Action
1/17/2025	House	Filed with the Clerk by Rep. Suzanne M. Ness
1/28/2025	House	First Reading
1/28/2025	House	Referred to Rules Committee

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