Illinois House Democratic Caucus

 

 

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Scherer-Backed Bill to Allow More Flexibility with Savings

Scherer-Backed Bill to Allow More Flexibility with Savings

SPRINGFIELD, Ill. – Young people and their families would have more flexibility with savings and could avoid unplanned taxes under a new measure backed by state Rep. Sue Scherer, D-Decatur, allowing additional or unused 529 college savings account funds to be transferred to other savings accounts.