Bill Title: Amends the Illinois Income Tax Act. Provides that, if a contribution to a qualified ABLE account is made on or after January 1 of any calendar year and on or before April 15 of that calendar year, the taxpayer is allowed a deduction for that contribution for either the taxable year in which the contribution is made or the immediately preceding taxable year, but not both. Provides that the contribution shall count against the contribution limit for the taxable year in which the deduction is taken. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2021-03-27 - Rule 19(a) / Re-referred to Rules Committee [HB3208 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2021-02-19	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB3208

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB3208 currently on file.

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