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<xml>
<title>Illinois General Assembly - Bill Status for HB 4763         </title>
<shortdesc>INC TX-529 PLANS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Adam Brown</sponsors>
</sponsor>
<lastaction>
<statusdate>12/3/2014</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. Creates a deduction for taxable years ending on or after December 31, 2015 in an amount equal to the contributions made by the taxpayer during the taxable year to any qualified tuition program under Section 529 of the Internal Revenue Code, but not to exceed $10,000 in any taxable year (now, that deduction applies only to contributions made to an in-State 529 plan). Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/5/2014</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Adam Brown</action>
<statusdate>2/5/2014</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/5/2014</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/20/2014</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>2/21/2014</statusdate><chamber>House</chamber><action>To Income Tax Subcommittee</action>
<statusdate>3/28/2014</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>12/3/2014</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

