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<xml>
<title>Illinois General Assembly - Bill Status for HB 1543   </title>
<shortdesc>INC TAX-SPECIAL NEEDS TRUST</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Kathleen A. Ryg</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2009</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/203</reference><aliasreference>from Ch. 120, par. 2-203</aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Allows a deduction from federal adjusted gross income, in arriving at base income for Illinois income tax purposes, of an amount equal to earnings in a special needs trust, to the extent included in adjusted gross income. Defines "special needs trust" as a trust that is not liable to pay or reimburse the State or any public agency for financial aid or services to the individual, as provided in the Trusts and Trustees Act. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/22/2007</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Kathleen A. Ryg</action>
<statusdate>2/22/2007</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/22/2007</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/27/2007</statusdate><chamber>House</chamber><action>Assigned to Disability Services Committee</action>
<statusdate>3/23/2007</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/13/2009</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

