Electronic Documents of Illinois
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New Law Means Never Paying Federal Taxes for Bright Start
- Participants in Bright Start College Savings will no longer ever have to pay federal income taxes on money they put into their accounts, Treasurer Judy Baar Topinka said today. A new law taking effect this month makes all income that is invested in Bright Start completely exempt from federal taxation.
Originally Deposited as: 1974
Phone Number: Language(s): EN-English Volume or Year: 2006
Number or Issue: September 13 Date Created: 09 28 2006
Date Last Modified: 09 28 2006 Librarian Remarks:
Access This Publication1. News release of tax exemption for Bright Start college savings program (NewsReleaseTaxexempt9-13-2006.pdf).
Document Size:93639 Software: Acrobat Distiller Version: 5.0.5 This is part of a series. It is part of News from the Office of State Treasurer: 2872