90th General Assembly
Summary of HB2591
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House Sponsors:
ZICKUS-KUBIK-KOSEL-WINTERS-JOHNSON,TOM, LINDNER AND KLINGLER.

Short description: 
INC TX-DEDUCTION-ROTH IRA                                                  

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax  Act.   Creates  a  deduction  for      
   taxpayers with an adjusted gross income of less than $100,000 equal to      
   the  contributions  made  by the taxpayer during the taxable year to a      
   Roth IRA under Section 408A of the Internal  Revenue  Code.   Provides      
   that  the  deduction  is available for tax years beginning on or after      
   January 1, 1998.  Exempts the deduction from  the  sunset  provisions.      
   Effective immediately.                                                      
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



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