ZICKUS-KUBIK-KOSEL-WINTERS-JOHNSON,TOM, LINDNER AND KLINGLER.
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.
Last action on Bill: SESSION SINE DIE
Last action date: 99-01-12
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status