Bill Title: Amends the State Treasurer Act. Provides that the Department of Revenue shall provide the State Treasurer with the adjusted gross income of tax filers claiming dependents or the adoption tax credit. Provides that the State Treasurer may make supplementary deposits to children in financially insecure households if funds are deposited into the omnibus accounts. Provides that, subject to appropriation, the State Treasurer may make supplementary deposits of $50, or greater if designated by the State Treasurer rule, into the account of each beneficiary whose parent or legal guardian has an adjusted gross income below the Illinois median household income. Provides that the supplementary deposits shall be limited to one deposit per beneficiary.

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Passed) 2024-07-01 - Effective Date July 1, 2024 [HB4720 Detail]

Text: Latest bill text (Chaptered) [HTML]

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Voting Records

Chamber	Vote	Date	Yea	Nay	NV	Abs	Total	Result	Source	View
House	Concurrence in House	2024-05-25	65	36	6	0	107	Passed	Link	View
Senate	Third Reading in Senate	2024-05-22	38	18	3	0	59	Passed	Link	View
House	Third Reading in House	2024-04-19	64	38	4	1	107	Passed	Link	View

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