Illinois General Assembly - Bill Status for HB5544
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 Bill Status of HB5544  102nd General Assembly


House Sponsors
Rep. Natalie A. Manley

Last Action
DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/405

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that each beneficiary, other than an individual, of a trust or estate shall be allowed a deduction in the taxable year in which the final taxable year of the trust or estate ends. Provides that the deduction shall be treated as a carryover deduction. Contains provisions concerning the number of years in which the beneficiary may carry forward the deduction.

DateChamber Action
  2/13/2014HouseFiled with the Clerk by Rep. Natalie A. Manley
  2/13/2014HouseFirst Reading
  2/13/2014HouseReferred to Rules Committee
  3/3/2014HouseAssigned to Revenue & Finance Committee
  3/11/2014HouseTo Income Tax Subcommittee
  3/28/2014HouseRule 19(a) / Re-referred to Rules Committee
  12/3/2014HouseSession Sine Die

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