Bill Status of HB 267   99th General Assembly


Short Description:  INC TX-NET LOSS-TRUSTS-ESTATES

House Sponsors
Rep. Natalie A. Manley

Last Action  View All Actions

DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/405

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that each beneficiary, other than an individual, of a trust or estate shall be allowed a deduction in the taxable year in which the final taxable year of the trust or estate ends. Provides that the deduction shall be treated as a carryover deduction. Contains provisions concerning the number of years in which the beneficiary may carry forward the deduction.

Actions 
DateChamber Action
  1/23/2015HouseFiled with the Clerk by Rep. Natalie A. Manley
  1/23/2015HouseFirst Reading
  1/23/2015HouseReferred to Rules Committee
  2/3/2015HouseAssigned to Revenue & Finance Committee
  2/20/2015HouseTo Income Tax Subcommittee
  3/27/2015HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2017HouseSession Sine Die

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