TREASURER-HOME SAVINGS POOL House SponsorsRep. Darlene J. Senger 1/8/2013HouseSession Sine Die 15 ILCS 505/17.10 new35 ILCS 5/203from Ch. 120, par. 2-203 Amends the State Treasurer Act. Authorizes the State Treasurer to establish and administer a Home Savings Pool to supplement and enhance investment opportunities otherwise available to first-time homebuyers. Provides that participants in the Pool are required to use moneys distributed from the Pool for qualified expenditures incident to the purchase of a primary residence by a first-time homebuyer. Contains penalty provisions. Sets forth the duties of the State Treasurer with respect to the Home Savings Pool. Amends the Illinois Income Tax Act. Creates a deduction for individual taxpayers equal to the amount contributed by the taxpayer to a Home Savings Pool account during the taxable year, but not to exceed $20,000 per taxable year. Effective immediately. 1/21/2011HouseFiled with the Clerk by Rep. Darlene J. Senger 1/25/2011HouseFirst Reading 1/25/2011HouseReferred to Rules Committee 2/8/2011HouseAssigned to Revenue & Finance Committee 3/17/2011HouseRule 19(a) / Re-referred to Rules Committee 1/8/2013HouseSession Sine Die