BEAUBIEN. 760 ILCS 15/13.5 new Amends the Principal and Income Act. Provides that in any year a trust does not yield a net income of at least 4% of the value of the total marketable principal of the trust, the trustee may elect to pay to the income beneficiary an amount equal to the excess of 4% of the value of the marketable principal over the net income earned by the trust in the year. Effective January 1, 2001. 00-02-03 H FILED WITH CLERK 00-02-03 H FIRST READING 00-02-03 H REFERRED TO HOUSE RULES COMMITTEE RULES 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary