Illinois House Bill 3865 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on February 25 2009 - 25% progression, died in committee
Action: 2009-04-03 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Engrossed) [HTML]

Creates the Homecare Option Program for the Elderly Act and amends the Illinois Income Tax Act and the Illinois Securities Law of 1953. Provides that a person may create an individual savings account, in accordance with terms prescribed by the State Treasurer, for the purpose of planning for the cost of services that will allow the person to remain in his or her home or in a noninstitutional setting as he or she ages. Requires the Treasurer to establish the Homecare Trust Fund, to be comprised of individual savings accounts for those qualified home care expenses not covered by a long-term care insurance policy and for those qualified home care expenses that supplement the coverage provided by a long-term care policy or Medicare. Imposes other duties on the Treasurer in connection with administering the Fund. Provides that interest earned on contributions to a savings account created under the Act is exempt from State income tax. Provides that participation in the trust established under the Homecare Option for the Elderly Act, and any offering and solicitation of the trust, are exempt from provisions of the Illinois Securities Law of 1953 concerning registration of securities.

AGING-HOMECARE OPTION ACCOUNT

Rep. Mary Flowers [D]

Rep. Esther Golar [D]

Rep. Jehan Gordon-Booth [D]

Date	Chamber	Action
2009-04-03		Rule 19(a) / Re-referred to Rules Committee
2009-04-02		Placed on Calendar Order of 3rd Reading - Short Debate
2009-04-01		Held on Calendar Order of Second Reading - Short Debate
2009-04-01		Second Reading - Short Debate
2009-03-11		Added Chief Co-Sponsor Rep. Esther Golar
2009-03-11		Added Chief Co-Sponsor Rep. Mary E. Flowers
2009-03-11		Placed on Calendar 2nd Reading - Short Debate
2009-03-10		Do Pass / Short Debate Health Care Availability and Accessibility Committee; 011-000-001
2009-03-03		Assigned to Health Care Availability and Accessibility Committee
2009-02-26		Referred to Rules Committee
2009-02-26		First Reading
2009-02-25		Filed with the Clerk by Rep. Jehan A. Gordon

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3865&GAID=10&DocTypeID=HB&SessionID=76&GA=96
Text	https://www.ilga.gov/legislation/96/HB/09600HB3865.htm
Text	https://www.ilga.gov/legislation/96/HB/09600HB3865eng.htm