Comments: IL SB2017 | 2017-2018 | 100th General Assembly

Bill Title: Amends the Illinois Income Tax Act. Creates a deduction in an amount equal to the amount contributed by taxpayer during the taxable year to an ABLE account. Provides that the deduction shall not exceed $10,000 per taxpayer in any taxable year. Provides that the deduction is exempt from the Act's automatic sunset provision. Effective immediately.

Spectrum: Slight Partisan Bill (Democrat 9-4)

Status: (Engrossed) 2018-05-25 - Final Action Deadline Extended-9(b) May 31, 2018 [SB2017 Detail]

Text: Latest bill text (Engrossed) [HTML]

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