Out-of-state college tax penalty repeal approved
By Kate Clements
Wednesday August 8, 2007
SPRINGFIELD – Illinois parents who invest in out-of-state college savings plans can now get the same state tax breaks as those who choose to invest in the in-state plans.
At the request of Treasurer Alexi Giannoulias, Gov. Rod Blagojevich recently signed legislation repealing a state tax penalty that has been in place since 2002.
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