Bill Title: Amends the Illinois Income Tax Act. Provides that a deduction for distributions under the provisions of a retirement plan for employees of a governmental agency or unit is limited to $60,000 if the taxpayer is not 67 years of age or older during the taxable year. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-05-26 - Referred to Assignments [SB3932 Detail]

Text: Latest bill text (Introduced) [HTML]

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