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<xml>
<title>Illinois General Assembly - Bill Status for HB 4732   </title>
<shortdesc>INC TX-BASE INCOME MODIFY</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Daniel J. Burke-Thomas Holbrook, Bob Biggins, Angelo Saviano and Daniel V. Beiser</sponsors>
<sponsorhead2>Senate Sponsors</sponsorhead2><altsponsors>(Sen. Michael Bond)</altsponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2009</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/203</reference><aliasreference>from Ch. 120, par. 2-203</aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Requires an addition modification to base income of an amount equal to the contribution component of any nonqualified withdrawal from a tuition savings program that was previously deducted from base income. Effective immediately.</SynopsisText><synopsistitle>House Amendment No. 1</synopsistitle>
<SynopsisText>Provides that the addition modification must also be made for a refund from a tuition savings program. Requires that the modification be made only if the nonqualified withdrawal or refund did not result from the beneficiary's death, disability, or receipt of a scholarship. Provides that there is no rulemaking authority under the amendatory Act, but that the Governor may suggest rules by filing them with the General Assembly and requesting that the General Assembly authorize such rulemaking by law, enact the suggested rules into law, or take other appropriate action in the General Assembly's discretion.</SynopsisText></synopsis>
<actions>
<statusdate>1/31/2008</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Daniel J. Burke</action>
<statusdate>2/1/2008</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/1/2008</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/3/2008</statusdate><chamber>House</chamber><action>Assigned to Revenue Committee</action>
<statusdate>3/12/2008</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Bob Biggins</action>
<statusdate>3/13/2008</statusdate><chamber>House</chamber><action>Recommends Do Pass Subcommittee/ Revenue Committee;  003-000-000</action>
<statusdate>3/13/2008</statusdate><chamber>House</chamber><action>House Amendment No. 1 Filed with Clerk by Revenue Committee</action>
<statusdate>3/13/2008</statusdate><chamber>House</chamber><action>House Amendment No. 1 Adopted in Revenue Committee;  by Voice Vote</action>
<statusdate>3/13/2008</statusdate><chamber>House</chamber><action>Do Pass as Amended / Short Debate Revenue Committee;  012-000-000</action>
<statusdate>3/13/2008</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
<statusdate>4/2/2008</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Angelo Saviano</action>
<statusdate>4/2/2008</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>4/2/2008</statusdate><chamber>House</chamber><action>Placed on Calendar Order of 3rd Reading - Short Debate</action>
<statusdate>4/3/2008</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Daniel V. Beiser</action>
<statusdate>4/3/2008</statusdate><chamber>House</chamber><action>Third Reading - Short Debate - Passed 084-020-000</action>
<statusdate>4/3/2008</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Thomas Holbrook</action>
<statusdate>4/8/2008</statusdate><chamber>Senate</chamber><action>Arrive in Senate</action>
<statusdate>4/8/2008</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of First Reading April 9, 2008</action>
<statusdate>4/9/2008</statusdate><chamber>Senate</chamber><action>Chief Senate Sponsor Sen. Michael Bond</action>
<statusdate>4/9/2008</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>4/9/2008</statusdate><chamber>Senate</chamber><action>Referred to Rules</action>
<statusdate>5/15/2008</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As May 22, 2008;  Substantive House Bills Out of Committee</action>
<statusdate>1/13/2009</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

