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<xml>
<title>Illinois General Assembly - Bill Status for SB 1560         </title>
<shortdesc>QUALIFIED HIGHER ED EXPENSES</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Celina Villanueva</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2023</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>15 ILCS 505/16.5</reference><aliasreference></aliasreference><SynopsisText>Amends the State Treasurer Act. Modifies provisions concerning the College Savings Pool. Provides that "qualified expenses" includes qualified higher education expenses, including amounts paid as principal or interest on any qualified education loan of a designated beneficiary or a sibling of the designated beneficiary, as provided under the Internal Revenue Code.</SynopsisText></synopsis>
<actions>
<statusdate>2/26/2021</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Celina Villanueva</action>
<statusdate>2/26/2021</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/26/2021</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>3/16/2021</statusdate><chamber>Senate</chamber><action>Assigned to State Government</action>
<statusdate>4/16/2021</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>1/10/2023</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

