Illinois 96th Regular Session Status: In Committee

HB 5237 — HEALTH SAVINGS ACCOUNTS

Last action — Session Sine Die

Track this bill free

No card. One bill, free forever — alerts when it moves.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 96th Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Creates the Health Savings Account Act and amends the Illinois Income Tax Act. Provides that, beginning in taxable year 2011, a resident of Illinois or an employer may deposit contributions, subject to certain limitations, into a health savings account. Provides that the principal contributed to and the interest earned on a health savings account and money reimbursed to an eligible individual or an employee for qualified medical expenses is exempt from the Illinois income tax. Sets forth restriction on the use of funds held in a health savings account. Provides that an eligible individual may withdraw money from his or her health savings account for any purpose, but provides that certain withdrawals are not tax exempt. Repeals the Health Savings Account Act on January 1, 2022. Effective July 1, 2010.

Bill Text

How this bill changes current law

4 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill establishes the Health Savings Account Act, providing tax exemptions for health savings accounts in Illinois starting in 2011.

  • 35 ILCS 5/203

    Except as provided in Section 20, the principal contributed to and the interest earned on a health savings account and money reimbursed to an eligible individual or an employee for qualified medical expenses is exempt from taxation under the Illinois Income Tax Act.

    This addition exempts health savings account contributions and related medical reimbursements from Illinois income tax.

  • 35 ILCS 5/203

    "The amount of the deposit for 2011 may not exceed the lesser of (i) the amount of the deductible or (ii) $2,600 for an individual policy and $5,150 for a family policy." → The amount of deposit for 2011 may not exceed the lesser of (i) the amount of the deductible or (ii) $2,600 for an individual and $5,150 for a family policy.

    Clarifies the contribution limits for health savings accounts starting in 2011.

  • 35 ILCS 5/203

    Beginning in taxable year 2011, a resident of Illinois or an employer may deposit contributions into a health savings account.

    This establishes the ability for Illinois residents and employers to contribute to health savings accounts from 2011.

  • 35 ILCS 5/203

    This Act applies regardless of whether the taxpayer receives preferred federal tax treatment for a health savings account under Section 223 of the Internal Revenue Code of 1986.

    The provision ensures applicability of the Act irrespective of federal tax treatment.

Action History

  1. Session Sine Die

  2. Added Co-Sponsor Rep. Robert F. Flider

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

  4. Assigned to Revenue & Finance Committee

  5. Referred to Rules Committee

  6. First Reading

  7. Filed with the Clerk by Rep. Patricia R. Bellock

Sponsors

  • Patricia R. Bellock · Cosponsor

Sponsorship breakdown

Export CSV (upgrade) →

0 sponsors · 1 co-sponsors · 182 not signed on

Sponsors (0)

None.

Co-sponsors (1)

  • Patricia R. Bellock

Not signed on (182)

182 members have not signed on to this bill.

Show all 182 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation healthcare health-insurance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 5237 do?
Creates the Health Savings Account Act and amends the Illinois Income Tax Act. Provides that, beginning in taxable year 2011, a resident of Illinois or an employer may deposit contributions, subject to certain limitations, into a health savings account. Provides that the principal contributed to and the interest earned on a health savings account and money reimbursed to an eligible individual or an employee for qualified medical expenses is exempt from the Illinois income tax. Sets forth restriction on the use of funds held in a health savings account. Provides that an eligible individual may withdraw money from his or her health savings account for any purpose, but provides that certain withdrawals are not tax exempt. Repeals the Health Savings Account Act on January 1, 2022. Effective July 1, 2010.
Who sponsors HB 5237?
HB 5237 is sponsored by Patricia R. Bellock.
What is the current status of HB 5237?
This bill died with 96th Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 5237?
Track HB 5237 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on HB 5237

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of HB 5237

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →