INC TX-RETIREMENT BENEFITS
Summary
Amends the Illinois Income Tax Act. Provides that for taxable years beginning on or after January 1, 2005, the taxpayer may deduct from base income all amounts distributed from a qualified cash or deferred arrangement under Section 401(k) of the Internal Revenue Code if those amounts were distributed on or after the date that the taxpayer attained the age of 59.5. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2005
Committee Review
Floor Vote
Governor
Introduced Feb 25, 2005
Last action Jan 9, 2007
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
11
Key actions
0
Committee
5
Jan 9, 2007
House · Failed
Session Sine Die
Mar 10, 2005
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Mar 10, 2005
House · Reported by committee
Remains in Revenue Committee
Mar 10, 2005
House · Failed in committee
Motion Do Pass - Lost Revenue Committee; 005-006-001
Mar 1, 2005
House · Referred to committee
Assigned to Revenue Committee
Feb 25, 2005
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
James H. Meyer
RRepublican
Ask Maddy
·
AI policy assistant
Ask Maddy about HB 3748
Scope: IL
Hi! I can help you understand HB 3748. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline