Illinois HB 4156: TREASURER-COLLEGE SAVINGS POOL
Status: Referred to Rules Committee (as of 2025-10-15)
State: Illinois · Session: 104th · Bill: HB 4156
Sponsors: Travis Weaver
Bill Text
• Illinois General Assembly - Full Text of HB4156 • • • • • • • • • • • • Select Language × The Illinois General Assembly offers the Google Translate™ service for visitor convenience. In no way should it be considered accurate as to the translation of any content herein. Visitors of the Illinois General Assembly website are encouraged to use other translation services available on the internet. The English language version is always the official and authoritative version of this website. NOTE: To return to the original English language version, select the "Show Original" button on the Google Translate™ menu bar at the top of the window. Choose Language English Afrikaans Albanian Arabic Armenian Azerbaijani Basque Bengali Bosnian Catalan Croatian Czech Danish Dutch Esperanto Estonian Filipino Finnish French Galician Georgian German Greek Gujarati Haitian Creole Hausa Hawaiian Hebrew Hindi Hungarian Icelandic Indonesian Interlingua Interlingue Inuktitut Irish Italian Japanese Javanese Kannada Khmer Korean Latin Latvian Lithuanian Luxembourgish Macedonian Malagasy Malayalam Maltese Maori Marathi Myanmar Nepali Norwegian Odia Pashto Punjabi Romanian Russian Samoan Sango Sanskrit Sardinian Sindhi Sinhala Slovak Slovenian Somali Southern Sotho Spanish Sundanese Swahili Swedish Tamil Telugu Thai Tigrinya Tonga Turkish Ukrainian Urdu Vietnamese Welsh Xhosa Yiddish Yoruba Zulu Powered by Translate Close Illinois General Assembly Top Navigation Bar Translate Learn Select General Assembly Search the 104th General Assembly Enter search terms for legislation, members, committees, or schedules. ILGA.GOV • • LEGISLATION & LAWS • Bills & Resolutions • Public Acts • Illinois Compiled Statutes • Illinois Constitution • Search Legislation • Glossary • Guide • Reports & Inquiry • Legislative Reports • Special Reports • FTP Site • Legislator Lookup • Capitol Complex Phone Numbers • Rules & Regulations • Illinois Register • Administrative Rules • Senate • Members • Schedules • Committees • Request for Remote Testimony • Journals • Transcripts • Rules • Audio/Video • FOIA Information • Senate Employment Opportunities • Media Guidelines • House • Members • Schedules • Committees • Submit testimony for House Committees • Journals • Transcripts • Rules • Audio/Video • FOIA Information • House Employment Opportunities • Log In Mobile Top Bar Search the 104th General Assembly Enter keywords to search the Illinois General Assembly website. Full Text of HB4156 • Home • Legislation • Full Text HB4156 - 104th General Assembly • Bill Status • Full Text • Votes • Witness Slips Select Menu Bill Status Full Text Votes Witness Slips Printer Friendly Version Introduced Printer Friendly Version Introduced Open PDF 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB4156 Introduced 10/15/2025, by Rep. Travis Weaver SYNOPSIS AS INTRODUCED: 15 ILCS 505/16.5 Amends the State Treasurer Act. In provisions concerning the College Savings Pool, provides that trade schools and elementary or secondary public, private, or religious schools are also considered eligible educational institutions, subject to certain limitations. Provides that expenses, up to $10,000 per taxable year, for tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school are considered qualified expenses. LRB104 15207 HLH 28354 b A BILL FOR HB4156LRB104 15207 HLH 28354 b 1 AN ACT concerning revenue. 2 Be it enacted by the People of the State of Illinois, 3represented in the General Assembly: 4 Section 5. The State Treasurer Act is amended by changing 5Section 16.5 as follows: 6 (15 ILCS 505/16.5) 7 Sec. 16.5. College Savings Pool. 8 (a) Definitions. As used in this Section: 9 "Account owner" means any person or entity who has opened 10an account or to whom ownership of an account has been 11transferred, as allowed by the Internal Revenue Code, and who 12has authority to withdraw funds, direct withdrawal of funds, 13change the designated beneficiary, or otherwise exercise 14control over an account in the College Savings Pool. 15 "Donor" means any person or entity who makes contributions 16to an account in the College Savings Pool. 17 "Designated beneficiary" means any individual designated 18as the beneficiary of an account in the College Savings Pool by 19an account owner. A designated beneficiary must have a valid 20social security number or taxpayer identification number. In
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