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]
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.
Title
INC TAX- COLLEGE SAVINGS PLAN
Sponsors
History
Date | Chamber | Action |
---|---|---|
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. André 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
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=169&GAID=10&DocTypeID=HB&SessionID=76&GA=96 |
Text | https://www.ilga.gov/legislation/96/HB/09600HB0169.htm |