Bill Title: Amends the State Treasurer Act. Provides that contributions to an ABLE account during the taxable year may be deducted from adjusted gross income as provided under a specified Section of the Illinois Income Tax Act. Amends the Illinois Income Tax Act. In a Section concerning base income, provides that the adjusted gross income shall be modified by adding a maximum amount of, for taxable years beginning on or after January 1, 2018, $10,000 contributed in the taxable year to an ABLE account under a specified Section of the State Treasurer Act. Provides for an exemption from a Section concerning the sunset of exemptions, credits, and deductions under the Act. Effective immediately.

Spectrum: Partisan Bill (Democrat 31-0)

Status: (Failed) 2019-01-08 - Session Sine Die [HB3163 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Engrossed	2017-03-24	HTML/Text	Link	View
Introduced	2017-02-09	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
Senate Amendment 002	2017-08-13	Proposed	HTML/Text	Link	View
Senate Amendment 001	2017-05-25	Proposed	HTML/Text	Link	View

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB3163 currently on file.

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