INC TX-RETIREMENT
Summary
Amends the Illinois Income Tax Act. In the case of individuals, trusts, and estates, provides that a deduction for certain retirement income is limited to (i) $75,000 if the taxpayer or beneficiary is younger than 65 years of age during the taxable year or (ii) $100,000 if the taxpayer or beneficiary is 65 years of age or older during the taxable year (including the taxable year in which the beneficiary turns 65 years of age). Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2017
Committee Review
Floor Vote
Governor
Introduced Feb 9, 2017
Last action Jan 8, 2019
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
0
Committee
4
Jan 8, 2019
House · Failed
Session Sine Die
Mar 31, 2017
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Mar 9, 2017
House · Reported by committee
To Income Tax Subcommittee
Feb 22, 2017
House · Referred to committee
Assigned to Revenue & Finance Committee
Feb 9, 2017
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
David Harris
RRepublican
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