IL HB3032 | 2011-2012 | 97th General Assembly


Status

January 8 2013 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the State Treasurer Act. Authorizes the State Treasurer to establish and administer an Educational Opportunities for the Developmentally Disabled Savings Pool to supplement and enhance the investment opportunities otherwise available to persons seeking to finance the costs of providing expanded educational and employment opportunities to persons with a developmental disability. Provides that participants in the Pool are required to use moneys distributed from the Pool for qualified expenses. Contains penalty provisions. Sets forth the duties of the State Treasurer with respect to the Educational Opportunities for the Developmentally Disabled Savings Pool. Defines "developmental disability" and "qualified expenses". Amends the Illinois Income Tax Act. Creates a deduction for individual taxpayers equal to the amount contributed by the taxpayer to an Educational Opportunities for the Developmentally Disabled Savings Pool account during the taxable year, but not to exceed $20,000 per taxable year. Effective immediately.

Tracking Information

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Title

SAVINGS POOL FOR DEV DISABLED

Sponsors


History

DateChamberAction
2013-01-08HouseSession Sine Die
2012-03-30HouseRule 19(a) / Re-referred to Rules Committee
2012-02-16HouseAdded Co-Sponsor Rep. Fred Crespo
2012-02-15HouseAdded Co-Sponsor Rep. Keith Farnham
2012-02-15HouseAdded Co-Sponsor Rep. Jehan A. Gordon
2012-02-08HouseAdded Co-Sponsor Rep. Kelly M. Cassidy
2012-01-30HousePlaced on Calendar 2nd Reading - Standard Debate
2012-01-30HouseApproved for Consideration Rules Committee; 003-000-000
2011-04-15HouseRule 19(a) / Re-referred to Rules Committee
2011-04-14HouseHeld on Calendar Order of Second Reading - Standard Debate
2011-04-14HouseSecond Reading - Standard Debate
2011-04-14HouseAdded Co-Sponsor Rep. Ann Williams
2011-04-14HouseAdded Co-Sponsor Rep. Angelo Saviano
2011-04-14HouseAdded Co-Sponsor Rep. Chris Nybo
2011-03-17HousePlaced on Calendar 2nd Reading - Standard Debate
2011-03-17HouseDo Pass / Standard Debate Revenue & Finance Committee; 005-004-000
2011-03-17HouseRemains in Revenue & Finance Committee
2011-03-17HouseRecommends Do Pass Subcommittee/ Revenue & Finance Committee; 003-000-000
2011-03-16HouseAdded Co-Sponsor Rep. Carol A. Sente
2011-03-10HouseAdded Chief Co-Sponsor Rep. Michelle Mussman
2011-03-09HouseAdded Chief Co-Sponsor Rep. Patricia R. Bellock
2011-03-08HouseAdded Co-Sponsor Rep. Ren
2011-03-02HouseAdded Co-Sponsor Rep. Michael P. McAuliffe
2011-03-01HouseAdded Chief Co-Sponsor Rep. Sidney H. Mathias
2011-03-01HouseAdded Chief Co-Sponsor Rep. Elaine Nekritz
2011-02-28HouseAssigned to Revenue & Finance Committee
2011-02-23HouseReferred to Rules Committee
2011-02-23HouseFirst Reading
2011-02-23HouseFiled with the Clerk by Rep. Kelly Burke

Code Citations

ChapterArticleSectionCitation TypeStatute Text
1550517.10New CodeSee Bill Text
355203Amended CodeCitation Text

Illinois State Sources


Bill Comments

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