IL SB3133 | 2023-2024 | 103rd General Assembly
Status
Completed Legislative Action
Spectrum: Moderate Partisan Bill (Democrat 30-4)
Status: Passed on August 2 2024 - 100% progression
Action: 2024-08-02 - Public Act . . . . . . . . . 103-0778
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Moderate Partisan Bill (Democrat 30-4)
Status: Passed on August 2 2024 - 100% progression
Action: 2024-08-02 - Public Act . . . . . . . . . 103-0778
Text: Latest bill text (Chaptered) [HTML]
Summary
Amends the State Treasurer Act. In provisions concerning the College Savings Pool, provides that an account may be rolled over into a Roth IRA account, to the extent permitted by Section 529 of the Internal Revenue Code. In provisions concerning the Illinois Higher Education Savings Program, provides that the definition of "eligible child" includes a child born or adopted after December 31, 2022, to a parent who is a resident of Illinois at the time of the birth or adoption, as evidenced by documentation received by the Treasurer from a parent or legal guardian of the child. Makes conforming changes. Effective immediately.
Title
EDUCATION SAVINGS PROGRAMS
Sponsors
Roll Calls
2024-05-16 - House - Third Reading in House (Y: 109 N: 0 NV: 2 Abs: 0) [PASS]
2024-04-12 - Senate - Third Reading in Senate (Y: 59 N: 0 NV: 0 Abs: 0) [PASS]
2024-04-12 - Senate - Third Reading in Senate (Y: 59 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-08-02 | Senate | Public Act . . . . . . . . . 103-0778 |
| 2024-08-02 | Senate | Effective Date August 2, 2024 |
| 2024-08-02 | Senate | Governor Approved |
| 2024-06-14 | Senate | Sent to the Governor |
| 2024-05-17 | House | Added Alternate Co-Sponsor Rep. Bob Morgan |
| 2024-05-16 | Senate | Passed Both Houses |
| 2024-05-16 | House | Third Reading - Short Debate - Passed 109-000-000 |
| 2024-05-15 | House | Added Alternate Co-Sponsor Rep. Terra Costa Howard |
| 2024-05-15 | House | Added Alternate Co-Sponsor Rep. Daniel Didech |
| 2024-05-13 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 2024-05-13 | House | Second Reading - Short Debate |
| 2024-05-09 | House | Added Alternate Chief Co-Sponsor Rep. Joyce Mason |
| 2024-05-02 | House | Alternate Co-Sponsor Removed Rep. Joyce Mason |
| 2024-05-02 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2024-05-02 | House | Added Alternate Co-Sponsor Rep. Katie Stuart |
| 2024-05-02 | House | Added Alternate Co-Sponsor Rep. Michelle Mussman |
| 2024-05-02 | House | Added Alternate Co-Sponsor Rep. Abdelnasser Rashid |
| 2024-05-02 | House | Added Alternate Co-Sponsor Rep. Brandun Schweizer |
| 2024-05-02 | House | Added Alternate Co-Sponsor Rep. Ann M. Williams |
| 2024-05-02 | House | Added Alternate Co-Sponsor Rep. Stephanie A. Kifowit |
| 2024-05-02 | House | Added Alternate Co-Sponsor Rep. Mary Gill |
| 2024-05-02 | House | Added Alternate Co-Sponsor Rep. Eva-Dina Delgado |
| 2024-05-02 | House | Added Alternate Co-Sponsor Rep. Tracy Katz Muhl |
| 2024-05-02 | House | Added Alternate Co-Sponsor Rep. Cyril Nichols |
| 2024-05-02 | House | Added Alternate Co-Sponsor Rep. Joyce Mason |
| 2024-05-02 | House | Added Alternate Co-Sponsor Rep. Harry Benton |
| 2024-05-02 | House | Added Alternate Co-Sponsor Rep. Michael J. Kelly |
| 2024-05-02 | House | Added Alternate Co-Sponsor Rep. Sharon Chung |
| 2024-05-02 | House | Added Alternate Co-Sponsor Rep. Maura Hirschauer |
| 2024-05-02 | House | Added Alternate Co-Sponsor Rep. Laura Faver Dias |
| 2024-05-02 | House | Added Alternate Co-Sponsor Rep. Lindsey LaPointe |
| 2024-05-02 | House | Added Alternate Co-Sponsor Rep. Jed Davis |
| 2024-05-02 | House | Added Alternate Co-Sponsor Rep. Anne Stava-Murray |
| 2024-05-02 | House | Added Alternate Co-Sponsor Rep. Jenn Ladisch Douglass |
| 2024-05-02 | House | Added Alternate Co-Sponsor Rep. Sue Scherer |
| 2024-05-02 | House | Added Alternate Co-Sponsor Rep. Hoan Huynh |
| 2024-05-02 | House | Added Alternate Co-Sponsor Rep. Suzanne M. Ness |
| 2024-05-01 | House | Do Pass / Short Debate State Government Administration Committee; 009-000-000 |
| 2024-04-24 | House | Assigned to State Government Administration Committee |
| 2024-04-19 | House | Added Alternate Chief Co-Sponsor Rep. Janet Yang Rohr |
| 2024-04-15 | House | Referred to Rules Committee |
| 2024-04-15 | House | First Reading |
| 2024-04-12 | House | Chief House Sponsor Rep. Diane Blair-Sherlock |
| 2024-04-12 | House | Arrived in House |
| 2024-04-12 | Senate | Third Reading - Passed; 059-000-000 |
| 2024-04-10 | Senate | Added as Co-Sponsor Sen. Laura M. Murphy |
| 2024-04-10 | Senate | Placed on Calendar Order of 3rd Reading ** |
| 2024-03-14 | Senate | Placed on Calendar Order of 3rd Reading March 20, 2024 |
| 2024-03-14 | Senate | Second Reading |
| 2024-03-06 | Senate | Added as Chief Co-Sponsor Sen. Jason Plummer |
| 2024-03-06 | Senate | Added as Co-Sponsor Sen. Andrew S. Chesney |
| 2024-03-06 | Senate | Added as Co-Sponsor Sen. Sara Feigenholtz |
| 2024-03-06 | Senate | Placed on Calendar Order of 2nd Reading March 7, 2024 |
| 2024-03-06 | Senate | Do Pass Financial Institutions; 007-000-000 |
| 2024-03-05 | Senate | Added as Co-Sponsor Sen. Mike Porfirio |
| 2024-02-14 | Senate | Assigned to Financial Institutions |
| 2024-02-02 | Senate | Referred to Assignments |
| 2024-02-02 | Senate | First Reading |
| 2024-02-02 | Senate | Filed with Secretary by Sen. Steve Stadelman |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 15 | 505 | 16.5 | Amended Code | Citation Text |
| 15 | 505 | 16.8 | Amended Code | Citation Text |
