IllinoisHB3264104th General Assembly (2025–2026)House

INC TX-ABLE ACCOUNTS

Sponsored By: Marcus C. Evans, Jr. (Democratic)

In Committee

Summary

Amends the Illinois Income Tax Act. Creates an income tax credit for contributions to an ABLE account. Provides that the credit shall be in an amount equal to 25% of that matching contribution, but not to exceed $500 per contributing employee per taxable year. Effective immediately.

revenue & finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Marcus C. Evans, Jr.

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Rule 19(a) / Re-referred to Rules Committee

    3/21/2025House
  2. To Income Tax Subcommittee

    3/13/2025House
  3. Assigned to Revenue & Finance Committee

    3/11/2025House
  4. Referred to Rules Committee

    2/18/2025House
  5. First Reading

    2/18/2025House
  6. Filed with the Clerk by Rep. Marcus C. Evans, Jr.

    2/6/2025House

Bill Text

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