INC TX-NET LOSS-TRUSTS-ESTATES House SponsorsRep. Natalie A. Manley 12/3/2014HouseSession Sine Die 35 ILCS 5/405 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. 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