Comments: IL HB5310 | 2023-2024 | 103rd General Assembly
Bill Title: Amends the Illinois Income Tax Act. Creates a deduction for amounts that are included in the taxpayer's federal adjusted gross income for the taxable year that are attributable to the conversion of funds from a qualified tuition program established pursuant to Section 529 of the Internal Revenue Code to a Roth IRA. Effective immediately.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2024-02-09 - Referred to Rules Committee [HB5310 Detail]
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2024-02-09 - Referred to Rules Committee [HB5310 Detail]
Text: Latest bill text (Introduced) [HTML]
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