Illinois 93rd Regular Session Status: In Committee

HB 50 — ELDER CARE SAVINGS FUND ACT

Last action — Session Sine Die

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  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 93rd 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 Elder Care Savings Fund Act. Authorizes the State Treasurer to establish an Elder Care Savings Fund. Allows Illinois residents to invest in the fund and provides that investors' earnings are exempt from taxes other than estate, transfer, and inheritance taxes. Provides for a program of grants, using moneys in the fund, to be applied to costs of long-term care or services. Requires the State Treasurer to implement a program to inform residents about options available for financing long-term care. Creates an Elder Care Trust Authority to advise the Elder Care Savings Fund staff and perform other functions. Effective immediately.

Bill Text

Action History

  1. Session Sine Die

  2. Added Co-Sponsor Rep. Michael K. Smith

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

  4. Added Co-Sponsor Rep. Edward J. Acevedo

  5. Added Co-Sponsor Rep. Linda Chapa LaVia

  6. Added Co-Sponsor Rep. Maria Antonia Berrios

  7. Added Co-Sponsor Rep. Susana Mendoza

  8. Added Co-Sponsor Rep. Karen A. Yarbrough

  9. Added Co-Sponsor Rep. Kenneth Dunkin

  10. Added Co-Sponsor Rep. Mike Boland

  11. Added Co-Sponsor Rep. Carolyn H. Krause

  12. Fiscal Note Filed

  13. Added Co-Sponsor Rep. John A. Fritchey

  14. Added Co-Sponsor Rep. Naomi D. Jakobsson

  15. Added Co-Sponsor Rep. Dan Reitz

  16. Added Co-Sponsor Rep. Jack McGuire

  17. Added Co-Sponsor Rep. Constance A. Howard

  18. Added Co-Sponsor Rep. Julie Hamos

  19. Added Co-Sponsor Rep. Harry Osterman

  20. Added Co-Sponsor Rep. Sara Feigenholtz

  21. Added Chief Co-Sponsor Rep. Robert F. Flider

  22. Assigned to Revenue Committee

  23. Added Chief Co-Sponsor Rep. Brandon W. Phelps

  24. Added Chief Co-Sponsor Rep. Jay C. Hoffman

  25. Added Chief Co-Sponsor Rep. Gary Forby

  26. Referred to Rules Committee

  27. First Reading

  28. Prefiled with Clerk by Rep. Lou Lang

Sponsors

  • Lou Lang · Cosponsor

Sponsorship breakdown

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

Sponsors (0)

None.

Co-sponsors (1)

  • Lou Lang

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 finance healthcare
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Frequently asked questions

What does HB 50 do?
Creates the Elder Care Savings Fund Act. Authorizes the State Treasurer to establish an Elder Care Savings Fund. Allows Illinois residents to invest in the fund and provides that investors' earnings are exempt from taxes other than estate, transfer, and inheritance taxes. Provides for a program of grants, using moneys in the fund, to be applied to costs of long-term care or services. Requires the State Treasurer to implement a program to inform residents about options available for financing long-term care. Creates an Elder Care Trust Authority to advise the Elder Care Savings Fund staff and perform other functions. Effective immediately.
Who sponsors HB 50?
HB 50 is sponsored by Lou Lang.
What is the current status of HB 50?
This bill died with 93rd 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 50?
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Last checked for changes 3 months ago · updated continuously

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