92nd General Assembly
Status of HB5744
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 Full Text  Bill Summary

   35 ILCS 5/203             from Ch. 120, par. 2-203                          

        Amends the Illinois Income Tax Act. Provides for a deduction from      
   adjusted gross income, for taxable years beginning on or  after  March      
   1,  2000,  of an amount equal to any amount included in adjusted gross      
   income representing (i) any amount  held  in,  (ii)  earnings  on  any      
   amount  held  in,  or  (iii) disbursements from a College Savings Pool      
   account  established  under  the  State  Treasurer  Act,  so  long  as      
   disbursed amounts are used for qualified expenses as determined  under      
   the  State  Treasurer  Act.  Exempts  the  deduction  from  the sunset      
   provisions of the Act. Effective immediately.                               
   FEB-07-2002  H  FILED WITH CLERK                                               
   FEB-07-2002  H  FIRST READING                                                  
   FEB-07-2002  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary