Illinois House Bill 3208 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 19 2021 - 25% progression, died in committee
Action: 2021-03-27 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Income Tax Act. Provides that, if a contribution to a qualified ABLE account is made on or after January 1 of any calendar year and on or before April 15 of that calendar year, the taxpayer is allowed a deduction for that contribution for either the taxable year in which the contribution is made or the immediately preceding taxable year, but not both. Provides that the contribution shall count against the contribution limit for the taxable year in which the deduction is taken. Effective immediately.

INC TX-ABLE CONTRIBUTIONS

Rep. Janet Yang Rohr [D]

Date	Chamber	Action
2021-03-27	House	Rule 19(a) / Re-referred to Rules Committee
2021-03-16	House	Assigned to Revenue & Finance Committee
2021-02-19	House	Referred to Rules Committee
2021-02-19	House	First Reading
2021-02-19	House	Filed with the Clerk by Rep. Janet Yang Rohr

Chapter	Article	Section	Citation Type	Statute Text
35	5	203	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3208&GAID=16&DocTypeID=HB&SessionID=110&GA=102
Text	https://www.ilga.gov/legislation/102/HB/10200HB3208.htm