Bill Texts: IL HB5310 | 2023-2024 | 103rd General Assembly

Bill Title: Amends the Illinois Income Tax Act. Creates a deduction for amounts that are included in the taxpayer's federal adjusted gross income for the taxable year that are attributable to the conversion of funds from a qualified tuition program established pursuant to Section 529 of the Internal Revenue Code to a Roth IRA. Effective immediately.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Failed) 2025-01-07 - Session Sine Die [HB5310 Detail]

Bill Drafts

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Introduced2024-02-09HTML/TextLinkView

Amendments

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No bill amendments currently on file for Illinois HB5310

Supplemental Documents

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No supplemental documents for Illinois HB5310 currently on file.

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