republic-os/legislation/us/states/il/95th/sb-497.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	CIV PRO/TREAS-COLLEGE SAVINGS	Amends the State Treasurer Act to provide that moneys held in an account invested in the Illinois College Savings Pool shall be exempt from all claims of the creditors of the participant, donor, or designated beneficiary of that account, except for non-exempt College Savings Pool transfers to or from the account. Defines "participant" and "donor". Amends the Code of Civil Procedure. Provides that moneys held in an account invested in the Illinois College Savings Pool of which the debtor is a participant or donor is personal property that is exempt from judgment, attachment, or distress from rent except for: (i) contributions to the account made with the intent to hinder, delay, or defraud any creditor, (ii) certain contributions to the account made during the 365 day period prior to the date of the debtor filing for bankruptcy in excess of the annual gift tax exclusion; or (iii) certain contributions to the account made during the 730 to 366 day period prior to the date of the debtor filing for bankruptcy in excess of the annual gift tax exclusion.	us/states/il	Illinois General Assembly	95th	SB 497	Illinois SB 497 (95th)	bill		enacted		3	33	2	2007-02-08	2007-08-20	openstates	ocd-bill/5002a8d2-08ab-43b5-98d7-8804dcf5624e	http://ilga.gov/legislation/BillStatus.asp?DocNum=497&GAID=9&DocTypeID=SB&LegId=28251&SessionID=51&GA=95	78a70e7571f82a7245fcf9dba8cccbbcb4fe425154d8f3606b48c3d92c3cd66b	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-il

Illinois SB 497 (95th) — CIV PRO/TREAS-COLLEGE SAVINGS

Amends the State Treasurer Act to provide that moneys held in an account invested in the Illinois College Savings Pool shall be exempt from all claims of the creditors of the participant, donor, or designated beneficiary of that account, except for non-exempt College Savings Pool transfers to or from the account. Defines "participant" and "donor". Amends the Code of Civil Procedure. Provides that moneys held in an account invested in the Illinois College Savings Pool of which the debtor is a participant or donor is personal property that is exempt from judgment, attachment, or distress from rent except for: (i) contributions to the account made with the intent to hinder, delay, or defraud any creditor, (ii) certain contributions to the account made during the 365 day period prior to the date of the debtor filing for bankruptcy in excess of the annual gift tax exclusion; or (iii) certain contributions to the account made during the 730 to 366 day period prior to the date of the debtor filing for bankruptcy in excess of the annual gift tax exclusion.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. Introduced (filed) — source
2. Engrossed (committee substitute) — source
3. Enrolled (enrolled) — source

Votes

• Third Reading — 114–0 (pass) · lower
• Third Reading — 57–0 (pass) · upper

Sponsors

• David E. Miller — cosponsor (person)
• John J. Cullerton — primary (person)
• Rich Brauer — cosponsor (person)
• William B. Black — cosponsor (person)
• William Davis — cosponsor (person)

Timeline

The legislative action history — every referral, reading, and vote.

• 2007-02-08 Filed with Secretary by Sen. John J. Cullerton filing
• 2007-02-08 First Reading reading-1
• 2007-02-08 Referred to Rules referral-committee
• 2007-02-21 Assigned to Judiciary Civil Law referral-committee
• 2007-03-01 Do Pass Judiciary Civil Law; 010-000-000 committee-passage
• 2007-03-01 Placed on Calendar Order of 2nd Reading March 2, 2007
• 2007-03-02 Second Reading reading-2
• 2007-03-02 Placed on Calendar Order of 3rd Reading March 6, 2007
• 2007-03-08 Added as Chief Co-Sponsor Sen. Dan Cronin
• 2007-03-29 Added as Chief Co-Sponsor Sen. James T. Meeks
• 2007-03-29 Third Reading - Passed; 057-000-000 reading-3, passage
• 2007-03-30 Arrived in House introduction
• 2007-03-30 Placed on Calendar Order of First Reading reading-1
• 2007-04-10 Chief House Sponsor Rep. John A. Fritchey
• 2007-04-16 First Reading reading-1
• 2007-04-16 Referred to Rules Committee referral-committee
• 2007-04-17 Added Alternate Chief Co-Sponsor Rep. Naomi D. Jakobsson
• 2007-04-30 Assigned to Financial Institutions Committee referral-committee
• 2007-05-08 Do Pass / Short Debate Financial Institutions Committee; 022-000-000 committee-passage
• 2007-05-09 Placed on Calendar 2nd Reading - Short Debate
• 2007-05-10 Added Alternate Co-Sponsor Rep. William Davis
• 2007-05-10 Added Alternate Co-Sponsor Rep. Rich Brauer
• 2007-05-22 Second Reading - Short Debate reading-2
• 2007-05-22 Placed on Calendar Order of 3rd Reading - Short Debate
• 2007-05-23 Added Alternate Chief Co-Sponsor Rep. Kevin Joyce
• 2007-05-23 Added Alternate Co-Sponsor Rep. David E. Miller
• 2007-05-23 Added Alternate Co-Sponsor Rep. William B. Black
• 2007-05-23 Third Reading - Short Debate - Passed 114-000-000 reading-3, passage
• 2007-05-23 Passed Both Houses
• 2007-06-21 Sent to the Governor executive-receipt
• 2007-08-20 Governor Approved executive-signature
• 2007-08-20 Effective Date January 1, 2008
• 2007-08-20 Public Act . . . . . . . . . 95-0306 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/5002a8d2-08ab-43b5-98d7-8804dcf5624e. Confidence: reported (aggregated from official Illinois legislature records).