HEALTH SAVINGS ACCOUNTS House SponsorsRep. Patricia R. Bellock-Sandra M. Pihos 1/13/2009HouseSession Sine Die New Act35 ILCS 5/203from Ch. 120, par. 2-203 Creates the Health Savings Account Act and amends the Illinois Income Tax Act. Provides that, beginning in taxable year 2008, 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 June 30, 2018. Effective July 1, 2007. 1/31/2007HouseFiled with the Clerk by Rep. Patricia R. Bellock 2/1/2007HouseFirst Reading 2/1/2007HouseReferred to Rules Committee 2/6/2007HouseAdded Chief Co-Sponsor Rep. Sandra M. Pihos 2/7/2007HouseAssigned to Revenue Committee 3/23/2007HouseRule 19(a) / Re-referred to Rules Committee 1/13/2009HouseSession Sine Die