Electronic Documents of Illinois New Law Means Never Paying Federal Taxes for Bright Start

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.

Information

Site Title
New Law Means Never Paying Federal Taxes for Bright Start
Date Created
2006-09-28
Original XML Record ID
2021
Language
EN-English
Creator Organization
Office of the State Treasurer
Agency Name
Illinois: Illinois: Office of the State Treasurer:

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