IL HB3360 | 2015-2016 | 99th General Assembly

Status

Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on February 26 2015 - 25% progression, died in committee
Action: 2015-04-20 - Added Chief Co-Sponsor Rep. Kathleen Willis
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the State Treasurer Act. Creates the "Achieving a Better Life Experience" or "ABLE" account plan to encourage and assist individuals and families in saving private funds for the purpose of supporting persons with disabilities in endeavors to maintain health, independence, and quality of life. and to provide secure funding for disability-related expenses on behalf of designated beneficiaries with disabilities that will supplement, but not supplant, benefits provided through private insurance, federal and State medical and disability insurance, the beneficiary's employment, and other sources. Provides that the State Treasurer shall be primarily responsible for the plan but shall work with the Illinois State Board of Investment. Sets forth the requirements of the plan. Requires the State Treasurer to adopt rules to implement the program. Defines required terms. Effective immediately.

Tracking Information

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Title

ABLE ACCOUNT PROGRAM

Sponsors


History

DateChamberAction
2015-04-20HouseAdded Chief Co-Sponsor Rep. Kathleen Willis
2015-04-14HouseAdded Chief Co-Sponsor Rep. Arthur Turner
2015-03-31HouseAdded Co-Sponsor Rep. Daniel V. Beiser
2015-03-27HouseRule 19(a) / Re-referred to Rules Committee
2015-03-13HouseTo Income Tax Subcommittee
2015-03-10HouseAssigned to Revenue & Finance Committee
2015-02-26HouseReferred to Rules Committee
2015-02-26HouseFirst Reading
2015-02-26HouseFiled with the Clerk by Rep. Laura Fine

Code Citations

ChapterArticleSectionCitation TypeStatute Text
1550516.6New CodeSee Bill Text

Illinois State Sources


Bill Comments

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