IL HB4045 | 2009-2010 | 96th General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 26 2009 - 25% progression, died in committee
Action: 2009-03-13 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 26 2009 - 25% progression, died in committee
Action: 2009-03-13 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Creates the Health Savings Account Act and amends the Illinois Income Tax Act. Provides that, beginning in taxable year 2010, a resident of Illinois or an employer may deposit contributions, subject to certain limitations, into a health savings account. Provides that the principal contributed to and the interest earned on a health savings account and money reimbursed to an eligible individual or an employee for qualified medical expenses is exempt from the Illinois income tax. Sets forth restriction on the use of funds held in a health savings account. Provides that an eligible individual may withdraw money from his or her health savings account for any purpose, but provides that certain withdrawals are not tax exempt. Repeals the Health Savings Account Act on January 1, 2021. Effective July 1, 2009.
Title
HEALTH SAVINGS ACCOUNTS
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2009-03-13 | Rule 19(a) / Re-referred to Rules Committee | |
| 2009-03-04 | Assigned to Revenue & Finance Committee | |
| 2009-02-27 | Referred to Rules Committee | |
| 2009-02-27 | First Reading | |
| 2009-02-26 | Filed with the Clerk by Rep. Patricia R. Bellock |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4045&GAID=10&DocTypeID=HB&SessionID=76&GA=96 |
| Text | https://www.ilga.gov/legislation/96/HB/09600HB4045.htm |
