IL HB0169 | 2009-2010 | 96th General Assembly

Status

Spectrum: Partisan Bill (Democrat 18-0)
Status: Introduced on January 14 2009 - 25% progression, died in chamber
Action: 2010-02-23 - Tabled By Sponsor Rep. Patrick J. Verschoore
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Higher Education Student Assistance Act and the Illinois Income Tax Act. Authorizes the Illinois Student Assistance Commission to establish systems and programs to encourage employers to match employee contributions to prepaid programs of college savings by making donations to the Commission for prepaid programs of college savings and its programs of grants and loans to make higher education affordable for all residents of the State and to receive, hold, and disburse all such funds made available through those programs for the purposes for which they are authorized by rule or by law. Creates an income tax credit for employers who, during the taxable year, make a matching donation on behalf of an employee. Provides that the credit is 25% of the matching donation, but not to exceed $500 per employee. Provides that the credit may be carried forward for 3 taxable years. Effective immediately.

Tracking Information

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Title

INC TAX- COLLEGE SAVINGS PLAN

Sponsors


History

DateChamberAction
2010-02-23 Tabled By Sponsor Rep. Patrick J. Verschoore
2010-02-23 Motion Prevailed
2010-02-17 Motion Filed - Table Bill/Resolution Pursuant to Rule 60(b), Rep. Patrick J. Verschoore
2010-01-27 Assigned to Revenue & Finance Committee
2009-03-13 Rule 19(a) / Re-referred to Rules Committee
2009-02-26 Added Co-Sponsor Rep. John D'Amico
2009-02-26 Added Chief Co-Sponsor Rep. Arthur L. Turner
2009-02-20 Added Co-Sponsor Rep. Elizabeth Hernandez
2009-02-20 Added Co-Sponsor Rep. Edward J. Acevedo
2009-02-19 Added Co-Sponsor Rep. Marlow H. Colvin
2009-02-19 Added Co-Sponsor Rep. AndrĂ© M. Thapedi
2009-02-19 Added Co-Sponsor Rep. William Davis
2009-02-19 Added Co-Sponsor Rep. Cynthia Soto
2009-02-18 Added Co-Sponsor Rep. Careen M. Gordon
2009-02-11 Added Co-Sponsor Rep. Dan Reitz
2009-02-11 Added Co-Sponsor Rep. Emily McAsey
2009-02-10 Added Co-Sponsor Rep. Linda Chapa LaVia
2009-02-09 Added Co-Sponsor Rep. Jack D. Franks
2009-02-04 Assigned to Revenue & Finance Committee
2009-02-04 Added Chief Co-Sponsor Rep. Keith Farnham
2009-02-04 Added Co-Sponsor Rep. Brandon W. Phelps
2009-02-04 Added Co-Sponsor Rep. Charles E. Jefferson
2009-02-04 Added Chief Co-Sponsor Rep. Luis Arroyo
2009-01-14 Referred to Rules Committee
2009-01-14 First Reading
2009-01-13 Prefiled with Clerk by Rep. Patrick J. Verschoore

Illinois State Sources


Bill Comments

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