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 in a specified Section of the Illinois Income Tax Act. Defines "donor". Amends the Illinois Income Tax Act. Provides for the modification of adjusted gross income for taxable years beginning on or after January 1, 2019 by adding a maximum of $10,000 contributed in the taxable year to an ABLE account to the calculation of adjusted gross income. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2019-01-08 - Session Sine Die [HB4921 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2018-02-14	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB4921

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB4921 currently on file.

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