Date	Chamber	Action
1/10/2017	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/203

from Ch. 120, par. 2-203

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a deduction in an amount equal to the amount of personal interest paid by an individual taxpayer during the taxable year. Provides that the term "personal interest" means interest paid on personal and consumer loans that is not deductible when calculating the taxpayer's federal adjusted gross income. Effective immediately.

Actions 

Date	Chamber	Action
5/18/2016	Senate	Filed with Secretary by Sen. Laura M. Murphy
5/18/2016	Senate	First Reading
5/18/2016	Senate	Referred to Assignments
1/10/2017	Senate	Session Sine Die

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