95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB0800


 
Introduced 2/7/2007, by Rep. Mike Boland
 
SYNOPSIS AS INTRODUCED:
 		













320 ILCS 25/3.07
  from Ch. 67 1/2, par. 403.07







    Amends the Senior Citizens and Disabled Persons Property Tax Relief and
Pharmaceutical Assistance Act. Provides that for purposes of determining
eligibility for
benefits under the Act, "income" does not include any payment received on
account of a
military service connected disability.
















LRB095 07979 DRJ 28141 b

















FISCAL NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











HB0800

LRB095 07979 DRJ 28141 b






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    AN ACT in relation to aging. 

 
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    Be it enacted by the People of the State of Illinois, 
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represented in the General Assembly: 


 
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    Section 5. The Senior Citizens and Disabled Persons 
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Property Tax Relief and
Pharmaceutical Assistance Act is 
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amended by changing Section 3.07 as follows:


 
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    (320 ILCS 25/3.07)  (from Ch. 67 1/2, par. 403.07)

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    Sec. 3.07. "Income" means adjusted gross income, properly 
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reportable for
federal income tax purposes under the provisions 
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of the Internal Revenue Code,
modified by adding thereto the 
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sum of the following amounts to the extent
deducted or excluded 
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from gross income in the computation of adjusted gross
income:


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        (A) An amount equal to all amounts paid or accrued as 
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    interest or
dividends during the taxable year;


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        (B) An amount equal to the amount of tax imposed by the 
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    Illinois Income
Tax Act paid for the taxable year;


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        (C) An amount equal to all amounts received during the 
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    taxable year as
an annuity under an annuity, endowment or 
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    life insurance contract or under
any other contract or 
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    agreement;


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        (D) An amount equal to the amount of benefits paid 
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    under the Federal
Social Security Act during the taxable 
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    year;


 


 






HB0800
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LRB095 07979 DRJ 28141 b




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        (E) An amount equal to the amount of benefits paid 
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    under the Railroad
Retirement Act during the taxable year;


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        (F) An amount equal to the total amount of cash public 
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    assistance
payments received from any governmental agency 
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    during the taxable year
other than benefits received 
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    pursuant to this Act;


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        (G) An amount equal to any net operating loss carryover 
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    deduction or
capital loss carryover deduction during the 
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    taxable year;


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        (H) For claim years beginning on or after January 1, 
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    2002, an amount
equal to any benefits received under the 
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    Workers' Compensation Act or the
Workers' Occupational 
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    Diseases Act during the
taxable year.


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    "Income" does not include any grant assistance received 
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under the Nursing
Home Grant Assistance Act or any 
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distributions or items of income described
under subparagraph 
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(X) of paragraph (2) of subsection (a) of Section 203 of
the 
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Illinois Income Tax Act.
"Income" does not include any payment 
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received on account of a military
service
connected disability.


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    This amendatory Act of 1987 shall be effective for purposes 
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of this
Section for tax years ending on or after December 31, 
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1987.


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(Source: P.A. 91-676, eff. 12-23-99; 92-131, eff. 7-23-01; 
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92-519, eff.
1-1-02.)