Bill No. HB4107
Bill ID
2042700
State
IL
Title
EDUCATION SAVINGS POOL
Description
Amends the State Treasurer Act. Changes the name of the "College Savings Pool" to the "College, Secondary, and Elementary Education Savings Pool". In provisions relating to the College, Secondary, and Elementary Education 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.
Bill Type
Bill
Category
529 Accounts
Session
104th General Assembly
Special Session
No Data Available
Current Status
Introduced
Status Last Updated
2025-08-26
Pending Committee
Calendar
Sponsors
Texts
Votes
No data available
Amendments
No data available
Supplements
No data available