IL HB4403 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 8 2024 - 25% progression
Action: 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 8 2024 - 25% progression
Action: 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
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.
Title
INC TX-MEDICAID
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-05 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2024-03-08 | House | To Revenue-Income Tax Subcommittee |
| 2024-02-14 | House | Assigned to Revenue & Finance Committee |
| 2024-01-16 | House | Referred to Rules Committee |
| 2024-01-16 | House | First Reading |
| 2024-01-08 | House | Filed with the Clerk by Rep. Anna Moeller |
Code Citations
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4403&GAID=17&DocTypeID=HB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/HB/10300HB4403.htm |
