Illinois House Bill 3370 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on February 26 2015 - 25% progression, died in committee
Action: 2015-03-27 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the State Treasurer Act. Requires the State Treasurer to establish an Achieving a Better Life Experience (ABLE) program, pursuant to Section 529A of the Internal Revenue Code, for the purpose of administering ABLE accounts established to encourage and assist individuals and families in saving private funds for the purpose of supporting individuals with disabilities. Amends the Illinois Income Tax Act. Creates a corresponding deduction for contributions to an ABLE account. Provides for an addition modification in an amount equal to the contribution component of any nonqualified withdrawal or refund from an ABLE account that was previously deducted under the Act.

TREASURER-ABLE ACCOUNTS

Rep. Patricia Bellock [R]

Rep. Charles Meier [R]

Date	Chamber	Action
2015-03-27	House	Rule 19(a) / Re-referred to Rules Committee
2015-03-13	House	To Income Tax Subcommittee
2015-03-10	House	Assigned to Revenue & Finance Committee
2015-02-27	House	Added Chief Co-Sponsor Rep. Charles Meier
2015-02-26	House	Referred to Rules Committee
2015-02-26	House	First Reading
2015-02-26	House	Filed with the Clerk by Rep. Patricia R. Bellock

Chapter	Article	Section	Citation Type	Statute Text
15	505	16.6	New Code	See Bill Text
35	5	203	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3370&GAID=13&DocTypeID=HB&SessionID=88&GA=99
Text	https://www.ilga.gov/legislation/99/HB/09900HB3370.htm