All Roll Calls
Yes: 325 • No: 0
IllinoisHB3500104th General Assembly (2025–2026)HouseWALLET
ABLE ACCOUNT PROGRAM INFO
Sponsored By: Suzanne M. Ness (Democratic)
Became Law
elementary & secondary education: administration, licensing & charter schoolsassignmentseducation
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Bill Overview
Analyzed Economic Effects
4 provisions identified: 2 benefits, 0 costs, 2 mixed.
ABLE accounts: save without losing benefits
Illinois creates ABLE accounts so people with disabilities can save for qualified disability costs under federal 529A rules. Money and earnings in an ABLE account are exempt from Illinois tax when used for qualified expenses. The money in the account, your contributions, and qualified withdrawals do not count when Illinois decides your eligibility or amounts for public benefits while the account is active. Accounts are held in trust, protected from creditors, and cannot be used as loan collateral. Federal rules allow only one account per beneficiary and set yearly and total balance limits. When the beneficiary dies, funds can go to the estate, another eligible person’s ABLE account, or a payable‑on‑death recipient; the Treasurer may require proof that funeral and burial bills are paid. Money others put in becomes the beneficiary’s property.
College 529 savings: tax break and limits
Illinois runs a state 529 college savings plan. If you contribute, you can deduct your contribution from Illinois income, and earnings used for qualified education costs are tax‑free in Illinois. The plan sends you a yearly statement and publishes investment policies in advance. Fees are taken from account assets, and contributions must be in cash. The Treasurer caps total balances (including the State’s prepaid tuition) and bars using accounts as loan collateral; a $10,000,000 bond helps protect account owners. You may roll money to another 529, to an Illinois ABLE account, or to a Roth IRA when federal rules allow.
Schools must share ABLE account info
At each annual IEP review, schools must give parents Illinois ABLE information. When a new Section 504 plan is created, schools must give the materials at the first meeting; families with existing 504 plans get them by the 2026–2027 school year. Starting in the 2026–2027 school year, districts must also post the ABLE materials on their websites. The Treasurer supplies the materials to the State Board of Education for districts to distribute. In early intervention, regional intake offices must give parents ABLE materials when an IFSP is created and at each review, and they must record that delivery.
ABLE program fees, rules, and privacy
The State Treasurer runs the Illinois ABLE plan, may hire contractors, and can work with other states. The Treasurer sets participant fees for administration and investments and must keep fees as low as possible. The law creates an ABLE Administrative Fund and requires a written, posted investment policy with annual review. The Treasurer must notify beneficiaries before rule changes, and new rules apply only to future contributions. Applications and account records are confidential and not subject to public records requests. The Treasurer promotes ABLE awareness and may adopt rules to keep the plan qualified under federal law. A federal finding of non‑qualified withdrawals alone does not change how Illinois counts the account for state benefit rules.
Sponsors & Cosponsors
Sponsor
Suzanne M. Ness
Democratic • House
Cosponsors
Javier L. Cervantes
Democratic • Senate
Julie A. Morrison
Democratic • Senate
Mike Porfirio
Democratic • Senate
Paul Faraci
Democratic • Senate
Sue Scherer
Democratic • House
Roll Call Votes
House vote • 5/30/2025
Senate Committee Amendment No. 1 House Concurs
Yes: 116 • No: 0
House vote • 5/29/2025
Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Elementary & Secondary Education: Administration, Licensing & Charter Schools;
Yes: 8 • No: 0
Senate vote • 5/22/2025
Third Reading - Passed;
Yes: 58 • No: 0
Senate vote • 5/7/2025
Do Pass as Amended Education;
Yes: 14 • No: 0
House vote • 4/8/2025
Third Reading - Short Debate - Passed
Yes: 113 • No: 0
House vote • 4/7/2025
House Floor Amendment No. 1 Recommends Be Adopted Elementary & Secondary Education: Administration, Licensing & Charter Schools;
Yes: 7 • No: 0
House vote • 3/19/2025
Do Pass / Short Debate Elementary & Secondary Education: Administration, Licensing & Charter Schools;
Yes: 9 • No: 0
Actions Timeline
Public Act . . . . . . . . . 104-0314
8/15/2025HouseEffective Date January 1, 2026
8/15/2025HouseGovernor Approved
8/15/2025HouseSent to the Governor
6/24/2025HousePassed Both Houses
5/30/2025HouseHouse Concurs
5/30/2025HouseSenate Committee Amendment No. 1 House Concurs 116-000-000
5/30/2025HouseSenate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Elementary & Secondary Education: Administration, Licensing & Charter Schools; 008-000-000
5/29/2025HouseSenate Committee Amendment No. 1 Motion to Concur Rules Referred to Elementary & Secondary Education: Administration, Licensing & Charter Schools
5/28/2025HouseSenate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
5/23/2025HouseSenate Committee Amendment No. 1 Motion Filed Concur Rep. Suzanne M. Ness
5/23/2025HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1
5/23/2025HouseArrived in House
5/23/2025HouseThird Reading - Passed; 058-000-000
5/22/2025SenateAdded as Alternate Co-Sponsor Sen. Julie A. Morrison
5/21/2025SenatePlaced on Calendar Order of 3rd Reading May 13, 2025
5/8/2025SenateSecond Reading
5/8/2025SenatePlaced on Calendar Order of 2nd Reading May 8, 2025
5/7/2025SenateDo Pass as Amended Education; 014-000-000
5/7/2025SenateSenate Committee Amendment No. 1 Adopted
5/6/2025SenateSenate Committee Amendment No. 1 Assignments Refers to Education
5/6/2025SenateSenate Committee Amendment No. 1 Referred to Assignments
5/2/2025SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Paul Faraci
5/2/2025SenateAdded as Alternate Co-Sponsor Sen. Mike Porfirio
4/30/2025SenateAdded as Alternate Co-Sponsor Sen. Javier L. Cervantes
4/30/2025Senate
Bill Text
Engrossed
Enrolled
House Amendment 1
Introduced
Senate Amendment 1