IL HB5374 | 2009-2010 | 96th General Assembly
Status
Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on February 4 2010 - 25% progression, died in committee
Action: 2010-03-04 - Added Co-Sponsor Rep. Anthony DeLuca
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 4 2010 - 25% progression, died in committee
Action: 2010-03-04 - Added Co-Sponsor Rep. Anthony DeLuca
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Creates a deduction for individual taxpayers in an amount equal to the amount included in the taxpayer's adjusted gross income as a result of a voluntary distribution taken from a 401(k) plan to the extent that those amounts are used to pay tuition costs at an institution of higher education on behalf of the taxpayer's child. Exempts the deduction from the Act's automatic sunset provision.
Title
INC TX-401(K)-COLLEGE EXPENSES
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2010-03-04 | Added Co-Sponsor Rep. Anthony DeLuca | |
| 2010-02-11 | Added Co-Sponsor Rep. Carol A. Sente | |
| 2010-02-10 | Added Chief Co-Sponsor Rep. Keith Farnham | |
| 2010-02-05 | Referred to Rules Committee | |
| 2010-02-05 | First Reading | |
| 2010-02-04 | Filed with the Clerk by Rep. Fred Crespo |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5374&GAID=10&DocTypeID=HB&SessionID=76&GA=96 |
| Text | https://www.ilga.gov/legislation/96/HB/09600HB5374.htm |
