Illinois House Bill 4882

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 6 2024 - 25% progression
Action: 2024-02-07 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the State Treasurer Act. In provisions relating to the College Savings Pool established by the State Treasurer pursuant to Section 529 of the Internal Revenue Code, provides that an "eligible educational institution" includes elementary or secondary public, private, or religious schools and "qualified expenses" include expenses, up to $10,000 per taxable year, for tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school. Amends the Deposit of State Moneys Act, Illinois Income Tax Act, the Code of Civil Procedure, and the Illinois Marriage and Dissolution of Marriage Act to make conforming changes. Effective immediately.

529 COLLEGE SAVINGS POOL

Rep. Dennis Tipsword [R]

Date	Chamber	Action
2024-02-07	House	Referred to Rules Committee
2024-02-07	House	First Reading
2024-02-06	House	Filed with the Clerk by Rep. Dennis Tipsword, Jr.

Chapter	Article	Section	Citation Type	Statute Text
15	505	16.5	Amended Code	Citation Text
15	505	16.8	Amended Code	Citation Text
15	520	22.5	Amended Code	Citation Text
35	5	203	Amended Code	Citation Text
35	5	218	Amended Code	Citation Text
735	5	12-1001	Amended Code	Citation Text
750	5	513	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4882&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB4882.htm