INC TX-529 PLANS
Summary
Amends the Illinois Income Tax Act. Creates a deduction for taxable years ending on or after December 31, 2015 in an amount equal to the contributions made by the taxpayer during the taxable year to any qualified tuition program under Section 529 of the Internal Revenue Code, but not to exceed $10,000 in any taxable year (now, that deduction applies only to contributions made to an in-State 529 plan). Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2014
Committee Review
Floor Vote
Governor
Introduced Feb 5, 2014
Last action Dec 3, 2014
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
0
Committee
4
Dec 3, 2014
House · Failed
Session Sine Die
Mar 28, 2014
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Feb 21, 2014
House · Reported by committee
To Income Tax Subcommittee
Feb 20, 2014
House · Referred to committee
Assigned to Revenue & Finance Committee
Feb 5, 2014
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Adam Brown
RRepublican
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