Bill Status of HB 6626   93rd General Assembly

Short Description:  INCOME TAX ACT-PREPAID TUITION

House Sponsors
Rep. Chapin Rose-Elizabeth Coulson-Rosemary Mulligan

Last Action  View All Actions

DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/203from Ch. 120, par. 2-203
110 ILCS 979/55

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, for taxable years beginning on or after January 1, 2004, moneys contributed during the taxable year by the taxpayer for the purchase of an Illinois prepaid tuition contract, excluding moneys rolled over from another qualified tuition program account, may be deducted from the taxpayer's federal adjusted gross income in arriving at base income for Illinois income tax purposes. Exempts the deduction from the sunset provisions of the Act. Amends the Illinois Prepaid Tuition Act to include a reference to the deduction. Effective immediately.

Actions 
DateChamber Action
  2/9/2004HouseFiled with the Clerk by Rep. Chapin Rose
  2/9/2004HouseFirst Reading
  2/9/2004HouseReferred to Rules Committee
  2/18/2004HouseAdded Chief Co-Sponsor Rep. Elizabeth Coulson
  2/18/2004HouseAdded Chief Co-Sponsor Rep. Rosemary Mulligan
  1/11/2005HouseSession Sine Die

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