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529 College Savings Pool

In committee: it can still change before the session ends.

IL HB 4882 · House Bill · 103rd

Stage
In committee
Started in
House
Sponsor
Dennis Tipsword
Latest action
Feb 7, 2024

What it does

Amends the State Treasurer Act. In provisions relating to the College Savings Pool established by the State Treasurer pursuant to Section 529 of the Internal Revenue Code, provides that an "eligible educational institution" includes elementary or secondary public, private, or religious schools and "qualified expenses" include expenses, up to $10,000 per taxable year, for tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school. Amends the Deposit of State Moneys Act, Illinois Income Tax Act, the Code of Civil Procedure, and the Illinois Marriage and Dissolution of Marriage Act to make conforming changes. Effective immediately.

Read the full text

Where it stands

  1. Introduced (Done)

  2. Committee (Current step)

    In committee · Feb 7, 2024

  3. Floor (Not started)

  4. Law (Not started)

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

In the news

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Where it goes next

While a bill can still move, the questions are about people and money in Illinois.

Work with this bill

529 COLLEGE SAVINGS POOL | 52