Illinois House Bill 5005
Session 103rd
Education Savings Programs
Became Law
Became Law on Jun 26, 2024
Sponsors
2 Sponsors
Dave Vella
Steve Stadelman
First Action
Feb 7, 2024
Latest Action
Jun 26, 2024
Origin Chamber
House
Type
Bill
Bill Number
5005
State
Illinois
Session
103rd
Motion Text
Concurrence
House Roll Call Votes
Yes
Excused
Excused
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Excused
Johnson
Yes
Jones
Excused
Yes
Yes
La Ha
Yes
Excused
Excused
Yes
Yes
Yes
Yes
Yes
Excused
Yes
Sheehan
Yes
Yes
Yes
Yes
Didn't Vote
Summary
Amends the State Treasurer Act. In provisions concerning the College Savings Pool, provides that an account may be rolled over into a Roth IRA account, to the extent permitted by Section 529 of the Internal Revenue Code. In provisions concerning the Illinois Higher Education Savings Program, provides that the definition of "eligible child" includes a child born or adopted after December 31, 2022, to a parent who is a resident of Illinois at the time of the birth or adoption, as evidenced by documentation received by the Treasurer from a parent or legal guardian of the child. Makes conforming changes. Effective immediately.
Senate Committee Amendment No. 1
Deletes reference to:
15 ILCS 505/16.5
15 ILCS 505/16.8
Adds reference to:
15 ILCS 505/1
from Ch. 130, par. 1
Replaces everything after the enacting clause. Amends the State Treasurer Act. Makes a technical change in a Section concerning bond.
Senate Floor Amendment No. 2
Deletes reference to:
15 ILCS 505/1
from Ch. 130, par. 1
Adds reference to:
20 ILCS 605/605-1115 new
20 ILCS 655/5.5
from Ch. 67 1/2, par. 609.1
20 ILCS 655/13
20 ILCS 686/10
20 ILCS 686/20
20 ILCS 686/35
20 ILCS 686/45
20 ILCS 686/65
20 ILCS 686/95
20 ILCS 686/105
35 ILCS 5/201
35 ILCS 5/241 new
35 ILCS 5/213
35 ILCS 10/5-5
35 ILCS 10/5-15
35 ILCS 10/5-20
35 ILCS 10/5-35
35 ILCS 10/5-45
35 ILCS 10/5-56
35 ILCS 16/10
35 ILCS 16/46
35 ILCS 45/110-5
35 ILCS 45/110-10
35 ILCS 45/110-20
35 ILCS 45/110-35
35 ILCS 45/110-65
35 ILCS 45/110-95
35 ILCS 105/12
from Ch. 120, par. 439.12
35 ILCS 110/12
from Ch. 120, par. 439.42
35 ILCS 115/12
from Ch. 120, par. 439.112
35 ILCS 120/2-29 new
35 ILCS 173/5-10
35 ILCS 200/18-184.15
35 ILCS 200/18-184.20
35 ILCS 630/2
from Ch. 120, par. 2002
35 ILCS 635/10
35 ILCS 636/5-7
35 ILCS 640/2-4
65 ILCS 115/10-4
65 ILCS 115/10-5.3
65 ILCS 115/10-10.3
65 ILCS 115/10-10.4
220 ILCS 5/9-222
from Ch. 111 2/3, par. 9-222
Replaces everything after the enacting clause. Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Department of Commerce and Economic Opportunity may designate areas as Quantum Computing Campuses. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, the Retailers' Occupation Tax Act, the Electricity Excise Tax Law, the Telecommunications Excise Tax Act, the Simplified Municipal Telecommunications Tax Act, and the Gas Use Tax Law to make conforming changes. Amends the Illinois Enterprise Zone Act. Provides that a restriction on designating businesses located in an Enterprise Zone as high impact businesses does not apply to grocery stores. Repeals provisions concerning certified payments for high impact businesses. Amends the River Edge Redevelopment Zone Act. Provides that a River Edge Redevelopment Zone may overlap with an Enterprise Zone. Provides that the Department of Commerce and Economic Opportunity may certify a specified number of additional pilot River Edge Zones. Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that certain credits under the Act may be taken against the taxpayer's withholding tax liability. Contains provisions concerning work hours at the project location. Amends the Reimagining Energy and Vehicles in Illinois Act. Adds provisions concerning credits awarded for research and development activities related to aircraft. Amends the Manufacturing Illinois Chips for Real Opportunity (MICRO) Act. Extends the provisions of the Act to quantum computer manufacturers. Specifies that, in order to receive credit for construction expenses under the Act, a company must provide the Department of Commerce and Economic Opportunity with evidence that a certified third-party executed an Agreed-Upon Procedure (AUP) verifying the construction expenses or accept the standard construction wage expense estimated by the Department of Commerce and Economic Opportunity. Amends the Property Tax Code. Provides that 2 or more taxing districts may agree to abate a portion of the real property taxes otherwise levied or extended by those taxing districts on a REV Illinois Project facility. Provides that abatements for REV project facilities may not exceed a period of 30 consecutive years. Amends the Illinois Income Tax Act to extend the sunset of the research and development credit. Amends the Illinois Income Tax Act and the Film Production Services Tax Credit Act of 2008. Provides that taxpayers who have been awarded a tax credit under the Film Production Services Tax Credit Act of 2008 shall pay a fee to the Department of Commerce and Economic Opportunity. Sets forth the amount of the fee. Provides that the fee shall be deposited into the Illinois Production Workforce Development Fund. Provides that, beginning on July 1, 2024, a taxpayer is no longer required to pay a fee to the Department of Commerce and Economic Opportunity for the transfer of credits under the Film Production Services Tax Credit Act of 2008. Makes other changes. Effective immediately.
Senate Floor Amendment No. 3
Adds reference to:
20 ILCS 730/5-20
20 ILCS 730/5-45
105 ILCS 426/30
Amends the Energy Transition Act. Provides that the Department of Commerce and Economic Opportunity shall develop and, through Regional Administrators, administer the Clean Jobs Workforce Network Program and the Clean Energy Contractor Incubator Program to create a network of 14 Program delivery Hub Sites (rather than 13 Program delivery Hub Sites), to include Kankakee. Amends the Private Business and Vocational Schools Act of 2012. Exempts from being considered a private business or vocational school under the Act organizations that receive funding from the Department of Commerce and Economic Opportunity for workforce development preparation programs as provided for in the Energy Transition Act and the Illinois Works Jobs Program Act in which participants are not charged tuition or labor organizations that sponsor a United States Department of Labor registered apprenticeship program.
Senate Floor Amendment No. 4
In provisions concerning MICRO projects, provides that quantum computer component parts manufacturers and companies focusing on research and development in the manufacture of component parts for quantum computers, semiconductors, or microchips qualify for credits under the program. Makes a technical correction to insert a cross-reference.
Introduced
Engrossed
Enrolled
Senate Amendment 001
Senate Amendment 002
Senate Amendment 003
Sort by most recent
06/26/2024
House
Public Act . . . . . . . . . 103-0595
06/26/2024
House
Effective Date June 26, 2024; some provisions effective July 1, 2025.
06/26/2024
House
Governor Approved
06/26/2024
Senate
Added as Alternate Co-Sponsor Sen. Adriane Johnson
06/26/2024
Senate
Added as Alternate Co-Sponsor Sen. Natalie Toro
06/25/2024
Senate
Added as Alternate Co-Sponsor Sen. Robert Peters
06/25/2024
Senate
Added as Alternate Co-Sponsor Sen. Laura Fine
06/25/2024
Senate
Added as Alternate Co-Sponsor Sen. Christopher Belt
06/25/2024
Senate
Added as Alternate Co-Sponsor Sen. Cristina Castro
06/25/2024
Senate
Added as Alternate Co-Sponsor Sen. Patrick J. Joyce
06/18/2024
Senate
Added as Alternate Co-Sponsor Sen. Suzy Glowiak Hilton
06/18/2024
Senate
Added as Alternate Co-Sponsor Sen. Meg Loughran Cappel
06/18/2024
Senate
Added as Alternate Co-Sponsor Sen. Michael W. Halpin
06/18/2024
Senate
Added as Alternate Co-Sponsor Sen. Doris Turner
06/18/2024
Senate
Added as Alternate Co-Sponsor Sen. Linda Holmes
06/18/2024
Senate
Added as Alternate Co-Sponsor Sen. Mike Porfirio
06/18/2024
Senate
Added as Alternate Co-Sponsor Sen. David Koehler
06/17/2024
Senate
Added as Alternate Co-Sponsor Sen. Mary Edly-Allen
06/17/2024
Senate
Added as Alternate Co-Sponsor Sen. Paul Faraci
06/17/2024
Senate
Added as Alternate Co-Sponsor Sen. Michael E. Hastings
06/06/2024
House
Sent to the Governor
05/29/2024
House
Added Co-Sponsor Rep. Maurice A. West, II
05/28/2024
House
Added Co-Sponsor Rep. Margaret Croke
05/28/2024
House
Added Co-Sponsor Rep. Camille Y. Lilly
05/28/2024
House
Added Co-Sponsor Rep. Matt Hanson
05/28/2024
House
Added Co-Sponsor Rep. Anthony DeLuca
05/28/2024
House
Added Co-Sponsor Rep. Martin J. Moylan
05/28/2024
House
Added Co-Sponsor Rep. Jaime M. Andrade, Jr.
05/28/2024
House
Passed Both Houses
05/28/2024
House
House Concurs
05/28/2024
House
Senate Floor Amendment No. 4 House Concurs 090-019-000
05/28/2024
House
Senate Floor Amendment No. 3 House Concurs 090-019-000
05/28/2024
House
Senate Floor Amendment No. 2 House Concurs 090-019-000
05/28/2024
House
Senate Committee Amendment No. 1 House Concurs 090-019-000
05/28/2024
House
Senate Floor Amendment No. 4 Motion to Concur Recommends Be Adopted Executive Committee; 008-004-000
05/28/2024
House
Senate Floor Amendment No. 3 Motion to Concur Recommends Be Adopted Executive Committee; 008-004-000
05/28/2024
House
Senate Floor Amendment No. 2 Motion to Concur Recommends Be Adopted Executive Committee; 008-004-000
05/28/2024
House
Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Executive Committee; 008-004-000
05/28/2024
House
Senate Floor Amendment No. 4 Motion to Concur Rules Referred to Executive Committee
05/28/2024
House
Senate Floor Amendment No. 3 Motion to Concur Rules Referred to Executive Committee
05/28/2024
House
Senate Floor Amendment No. 2 Motion to Concur Rules Referred to Executive Committee
05/28/2024
House
Senate Committee Amendment No. 1 Motion to Concur Rules Referred to Executive Committee
05/28/2024
House
Added Chief Co-Sponsor Rep. Emanuel "Chris" Welch
05/28/2024
House
Senate Floor Amendment No. 4 Motion to Concur Referred to Rules Committee
05/28/2024
House
Senate Floor Amendment No. 3 Motion to Concur Referred to Rules Committee
05/28/2024
House
Senate Floor Amendment No. 2 Motion to Concur Referred to Rules Committee
05/28/2024
House
Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
05/28/2024
House
Senate Floor Amendment No. 4 Motion Filed Concur Rep. Dave Vella
05/28/2024
House
Senate Floor Amendment No. 3 Motion Filed Concur Rep. Dave Vella
05/28/2024
House
Senate Floor Amendment No. 2 Motion Filed Concur Rep. Dave Vella
05/28/2024
House
Senate Committee Amendment No. 1 Motion Filed Concur Rep. Dave Vella
05/28/2024
House
Chief Sponsor Changed to Rep. Dave Vella
05/26/2024
House
Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 2, 3, 4
05/26/2024
House
Arrived in House
05/26/2024
Senate
Third Reading - Passed; 051-005-000
05/26/2024
Senate
Placed on Calendar Order of 3rd Reading
05/26/2024
Senate
Senate Floor Amendment No. 4 Adopted; Stadelman
05/26/2024
Senate
Senate Floor Amendment No. 3 Adopted; Stadelman
05/26/2024
Senate
Senate Floor Amendment No. 2 Adopted; Stadelman
05/26/2024
Senate
Recalled to Second Reading
05/26/2024
Senate
Added as Alternate Co-Sponsor Sen. Javier L. Cervantes
05/26/2024
Senate
Senate Floor Amendment No. 4 Be Approved for Consideration Assignments
05/26/2024
Senate
Senate Floor Amendment No. 3 Be Approved for Consideration Assignments
05/26/2024
Senate
Added as Alternate Co-Sponsor Sen. Sara Feigenholtz
05/26/2024
Senate
Added as Alternate Chief Co-Sponsor Sen. Elgie R. Sims, Jr.
05/26/2024
Senate
Senate Floor Amendment No. 4 Referred to Assignments
05/26/2024
Senate
Senate Floor Amendment No. 4 Filed with Secretary by Sen. Steve Stadelman
05/26/2024
Senate
Senate Floor Amendment No. 3 Referred to Assignments
05/26/2024
Senate
Senate Floor Amendment No. 3 Filed with Secretary by Sen. Steve Stadelman
05/26/2024
Senate
Added as Alternate Chief Co-Sponsor Sen. Mattie Hunter
05/26/2024
Senate
Added as Alternate Chief Co-Sponsor Sen. Mark L. Walker
05/26/2024
Senate
Added as Alternate Chief Co-Sponsor Sen. Celina Villanueva
05/26/2024
Senate
Senate Floor Amendment No. 2 Be Approved for Consideration Assignments
05/26/2024
Senate
Alternate Chief Sponsor Changed to Sen. Steve Stadelman
05/25/2024
Senate
Rule 2-10 Third Reading Deadline Established As May 26, 2024
05/25/2024
Senate
Senate Floor Amendment No. 2 Referred to Assignments
05/25/2024
Senate
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Steve Stadelman
05/24/2024
Senate
Rule 2-10 Third Reading Deadline Established As May 25, 2024
05/17/2024
Senate
Rule 2-10 Third Reading/Passage Deadline Established As May 24, 2024
05/16/2024
Senate
Placed on Calendar Order of 3rd Reading May 17, 2024
05/16/2024
Senate
Second Reading
05/15/2024
Senate
Placed on Calendar Order of 2nd Reading May 16, 2024
05/15/2024
Senate
Do Pass as Amended Executive; 007-004-000
05/15/2024
Senate
Senate Committee Amendment No. 1 Adopted
05/15/2024
Senate
Senate Committee Amendment No. 1 Assignments Refers to Executive
05/15/2024
Senate
Senate Committee Amendment No. 1 Referred to Assignments
05/15/2024
Senate
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon
05/14/2024
Senate
Alternate Chief Sponsor Changed to Sen. Don Harmon
05/10/2024
Senate
Rule 2-10 Committee Deadline Established As May 17, 2024
05/01/2024
Senate
Rule 2-10 Committee Deadline Established As May 10, 2024
05/01/2024
Senate
Assigned to Executive
04/17/2024
Senate
Referred to Assignments
04/17/2024
Senate
First Reading
04/17/2024
Senate
Chief Senate Sponsor Sen. Suzy Glowiak Hilton
04/17/2024
Senate
Placed on Calendar Order of First Reading
04/17/2024
Senate
Arrive in Senate
04/16/2024
House
Removed Co-Sponsor Rep. Brandun Schweizer
04/16/2024
House
Added Co-Sponsor Rep. Brandun Schweizer
04/16/2024
House
Third Reading - Short Debate - Passed 110-000-000
04/16/2024
House
Added Co-Sponsor Rep. Janet Yang Rohr
04/15/2024
House
Removed Co-Sponsor Rep. Dan Ugaste
04/15/2024
House
Added Co-Sponsor Rep. Janet Yang Rohr
04/15/2024
House
Added Co-Sponsor Rep. Ann M. Williams
04/15/2024
House
Added Co-Sponsor Rep. Michelle Mussman
04/15/2024
House
Added Co-Sponsor Rep. Stephanie A. Kifowit
04/11/2024
House
Placed on Calendar Order of 3rd Reading - Short Debate
04/11/2024
House
Second Reading - Short Debate
04/10/2024
House
Added Co-Sponsor Rep. Abdelnasser Rashid
04/03/2024
House
Added Co-Sponsor Rep. Mary Gill
04/03/2024
House
Added Co-Sponsor Rep. Eva-Dina Delgado
03/21/2024
House
Removed Co-Sponsor Rep. Emanuel "Chris" Welch
03/21/2024
House
Added Co-Sponsor Rep. Emanuel "Chris" Welch
03/07/2024
House
Placed on Calendar 2nd Reading - Short Debate
03/06/2024
House
Added Co-Sponsor Rep. Harry Benton
03/06/2024
House
Do Pass / Short Debate State Government Administration Committee; 009-000-000
02/28/2024
House
Assigned to State Government Administration Committee
02/27/2024
House
Added Co-Sponsor Rep. Tracy Katz Muhl
02/27/2024
House
Added Co-Sponsor Rep. Michael J. Kelly
02/16/2024
House
Remove Chief Co-Sponsor Rep. Suzanne M. Ness
02/16/2024
House
Chief Co-Sponsor Changed to Rep. Sue Scherer
02/16/2024
House
Added Chief Co-Sponsor Rep. Sue Scherer
02/16/2024
House
Added Co-Sponsor Rep. Cyril Nichols
02/16/2024
House
Added Co-Sponsor Rep. Sharon Chung
02/16/2024
House
Added Co-Sponsor Rep. Joyce Mason
02/16/2024
House
Added Co-Sponsor Rep. Maura Hirschauer
02/16/2024
House
Added Co-Sponsor Rep. Laura Faver Dias
02/16/2024
House
Added Co-Sponsor Rep. Lindsey LaPointe
02/16/2024
House
Added Co-Sponsor Rep. William "Will" Davis
02/16/2024
House
Added Chief Co-Sponsor Rep. Hoan Huynh
02/16/2024
House
Added Chief Co-Sponsor Rep. Suzanne M. Ness
02/16/2024
House
Added Chief Co-Sponsor Rep. Gregg Johnson
02/16/2024
House
Added Co-Sponsor Rep. Anne Stava-Murray
02/08/2024
House
Added Co-Sponsor Rep. Jenn Ladisch Douglass
02/08/2024
House
Referred to Rules Committee
02/08/2024
House
First Reading
02/07/2024
House
Filed with the Clerk by Rep. Diane Blair-Sherlock
Sources
IL Legislature
Record Created
Feb 8, 2024 2:59:25 AM
Record Updated
Jun 29, 2024 8:47:51 PM