Bill Status of HB 4623   93rd General Assembly


Short Description:  INC TAX-SPECIAL NEEDS TRUST

House Sponsors
Rep. Kathleen A. Ryg-Sidney H. Mathias

Last Action  View All Actions

DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/203from Ch. 120, par. 2-203

Synopsis As Introduced
Amends the Illinois Income Tax Act. Allows a deduction from federal adjusted gross income, in arriving at base income for Illinois income tax purposes, of an amount equal to earnings in a special needs trust, to the extent included in adjusted gross income. Defines "special needs trust" as a trust that is not liable to pay or reimburse the State or any public agency for financial aid or services to the individual, as provided in the Trusts and Trustees Act. Effective immediately.

Actions 
DateChamber Action
  2/4/2004HouseFiled with the Clerk by Rep. Kathleen A. Ryg
  2/4/2004HouseFirst Reading
  2/4/2004HouseReferred to Rules Committee
  2/20/2004HouseChief Co-Sponsor Rep. Sidney H. Mathias
  1/11/2005HouseSession Sine Die

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