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]

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.

Tracking Information

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Title

INC TX-MEDICAID

Sponsors


History

DateChamberAction
2024-04-05HouseRule 19(a) / Re-referred to Rules Committee
2024-03-08HouseTo Revenue-Income Tax Subcommittee
2024-02-14HouseAssigned to Revenue & Finance Committee
2024-01-16HouseReferred to Rules Committee
2024-01-16HouseFirst Reading
2024-01-08HouseFiled with the Clerk by Rep. Anna Moeller

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355241New CodeSee Bill Text

Illinois State Sources


Bill Comments

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