90th General Assembly
Summary of SB0167
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Senate Sponsors:
CULLERTON-LINK-OBAMA-FITZGERALD.

Short description: 
HGH ED PREPAY TUITION CONTRACT                                             

Synopsis of Bill as introduced:
        Creates  the  Illinois  State  Ensured  College  and   University      
   Responsive Education Trust Act and amends the Illinois Income Tax Act.      
   Provides  for  advance  tuition  payment  contracts  which  assure the      
   payment of tuition for the specified beneficiary of such a contract at      
   a public university or community college of the State.   Provides  for      
   the  terms  and  conditions  to be included in the contracts and for a      
   board  of  directors  of  the  Illinois  State  Ensured  College   and      
   University  Responsive  Education  Trust. Provides that a taxpayer may      
   deduct from State personal  income  taxes  amounts  paid  for  advance      
   tuition contracts. Effective immediately.                                   
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

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


   END OF INQUIRY 



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