Bill Status of HB 6626   99th General Assembly


Short Description:  INC TX-HEALTH INSURANCE CREDIT

House Sponsors
Rep. Jaime M. Andrade, Jr.

Last Action  View All Actions

DateChamber Action
  1/10/2017HouseSession 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. Creates a deduction for individual taxpayers who: (1) had health insurance coverage through a nonprofit cooperative established under the federal Patient Protection and Affordable Care Act; (2) lost that coverage because the nonprofit cooperative has ceased doing business in the State; and (3) after the taxpayer's last day of coverage under the nonprofit cooperative plan but prior to January 1, 2017, are covered under a health insurance plan that does not allow the taxpayer to apply expenses incurred while the taxpayer was covered under the nonprofit cooperative plan to the deductible under the new plan. Provides that the deduction is in an amount equal to the difference between the medical expenses actually incurred by the taxpayer during the taxable year and the taxpayer's deductible under the nonprofit cooperative plan. Provides that the deduction applies for taxable years ending on or after January 1, 2016 and ending on or before December 31, 2016. Effective immediately.

Actions 
DateChamber Action
  11/15/2016HouseFiled with the Clerk by Rep. Jaime M. Andrade, Jr.
  11/15/2016HouseFirst Reading
  11/15/2016HouseReferred to Rules Committee
  1/10/2017HouseSession Sine Die

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