2023-2024 Regular Session • Illinois Legislature
HB5613: INC TX-EDUCATION SAVINGS
Legislative Summary
Amends the Illinois Income Tax Act. In provisions concerning a deduction for contributions to a College Savings Pool account or the Illinois Prepaid Tuition Trust Fund, provides that a $10,000 limitation does not apply for taxable years beginning on or after January 1, 2025. Effective immediately.
Demographic Impact
Overall analysis of equity impact
60% Positive
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Bill History
2/9/2024
Filed with the Clerk by Rep. Tim Ozinga
House of Representatives
2/9/2024
First Reading
House of Representatives
2/9/2024
Referred to Rules Committee
House of Representatives
3/5/2024
Assigned to Revenue & Finance Committee
House of Representatives
3/8/2024
To Revenue-Income Tax Subcommittee
House of Representatives
4/5/2024
Rule 19(a) / Re-referred to Rules Committee
House of Representatives
Status Information
Current Status
Introduced(2/9/2024)
Chamber
House of Representatives
Committee
Rules(House of Representatives)
Sponsors
Republican: 1
Primary Sponsor
Tim Ozinga
Republican