Bill Title: Amends the Illinois Income Tax Act to (i) include a deduction for a taxpayer who was required to add back insurance premiums in an amount equal to the amount of any reimbursement received from the insurance company for any loss covered by a policy for which those premiums were paid, to the extent of the federal income tax deduction that would have been allowable for the loss in computing adjusted gross income if not for the reimbursement, (ii) make changes concerning net losses, life insurance income, and withholding by partnerships, and (iii) make various administrative and technical changes. Makes other changes. Effective immediately.

Sponsorship: Partisan Bill (Democrat 2)

Status: (Passed) 2011-08-23 - Public Act . . . . . . . . . 97-0507 [HB2955 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2011-08-24	HTML/Text	Link	View
Amended	2011-05-16	HTML/Text	Link	View
Amended	2011-05-11	HTML/Text	Link	View
Amended	2011-04-05	HTML/Text	Link	View
Enrolled	Not Avail	HTML/Text	Link	View
Engrossed	Not Avail	HTML/Text	Link	View
Introduced	Not Avail	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB2955

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB2955 currently on file.