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Home > Illinois > HB1543
Chief Sponsor:

Kathleen A. Ryg

Tagged in: Tax

Latest Update: Thursday, August, 21st 2008

INC TAX-SPECIAL NEEDS TRUST

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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Latest Actions
  • 03/23/2007 - Rule 19(a) / Re-referred to Rules Committee
  • 02/27/2007 - Assigned to Disability Services Committee
  • 02/22/2007 - Filed with the Clerk by Rep. Kathleen A. Ryg
  • 02/22/2007 - First Reading
  • 02/22/2007 - Referred to Rules Committee
Bill Text
File name Last Updated
HB1543 Bill Text Introduced PDF07/03/2007