Bill Title: 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.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee
[HB4403 Detail]
Bill Drafts
Revision | Date | Format | Source | View |
Introduced | 2024-01-08 | HTML/Text | Link | View |
Amendments
Amendment | Date | Disposition | Format | Source | View |
No bill amendments currently on file for Illinois HB4403 |
Supplemental Documents
Title | Description | Date | Format | Source | View |
No supplemental documents for Illinois HB4403 currently on file. |
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