HB 1543

  • Illinois House Bill
  • 95th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Inc Tax-Special Needs Trust

Abstract

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.

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Jan 13, 2009

House

Session Sine Die

Mar 23, 2007

House

Rule 19(a) / Re-referred to Rules Committee

Feb 27, 2007

House

Assigned to Disability Services Committee

Feb 22, 2007

House

Filed with the Clerk by Rep. Kathleen A. Ryg

House

First Reading

House

Referred to Rules Committee

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