Illinois General Assembly - Bill Status for HB4403

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to 100% of the State and federal income, estate, and gift taxes incurred by the taxpayer during the taxable year as a result of a liquidation of assets by the taxpayer in order to allow the taxpayer to qualify for Medicaid long-term care assistance. Effective immediately.

Actions

Date	Chamber	Action
1/8/2024	House	Filed with the Clerk by Rep. Anna Moeller
1/16/2024	House	First Reading
1/16/2024	House	Referred to Rules Committee
2/14/2024	House	Assigned to Revenue & Finance Committee
3/8/2024	House	To Revenue-Income Tax Subcommittee
4/5/2024	House	Rule 19(a) / Re-referred to Rules Committee

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