DISSOL-CHLD SUP-DEPRECIATION House SponsorsRep. Jack D. Franks 1/13/2009HouseSession Sine Die 750 ILCS 5/505from Ch. 40, par. 505 Amends the Illinois Marriage and Dissolution of Marriage Act. Provides that net income is the total of all income minus deductions for federal and State income tax; Social Security; mandatory retirement contributions; union dues; health insurance premiums; prior support or maintenance obligations; expenditures for repayment of debts that represent reasonable and necessary expenses for the production of income; medical expenditures necessary to preserve life or health; reasonable expenditures for the benefit of the child and the other parent, exclusive of gifts; and straight-line depreciation of capital assets reasonable and necessary for the production of income, except for real estate or depreciation regarding an asset for which there is a repayment of debt deduction (instead of federal and State income tax; Social Security; mandatory retirement contributions; union dues; health insurance premiums; prior support or maintenance obligations; and expenditures for repayment of debts that represent reasonable and necessary expenses for the production of income, medical expenditures necessary to preserve life or health, reasonable expenditures for the benefit of the child and the other parent, exclusive of gifts). 2/15/2008HouseFiled with the Clerk by Rep. Jack D. Franks 2/15/2008HouseFirst Reading 2/15/2008HouseReferred to Rules Committee 3/3/2008HouseAssigned to Judiciary I - Civil Law Committee 3/12/2008HouseTabled in Judiciary I - Civil Law Committee; by Voice Vote 3/13/2008HouseDo Pass / Short Debate Judiciary I - Civil Law Committee; 014-000-000 3/13/2008HousePlaced on Calendar 2nd Reading - Short Debate 3/14/2008HouseHouse Amendment No. 1 Filed with Clerk by Rep. Jack D. Franks 3/14/2008HouseHouse Amendment No. 1 Referred to Rules Committee 3/24/2008HouseHouse Amendment No. 1 Recommends Be Adopted Rules Committee; 003-000-000 4/18/2008HouseFinal Action Deadline Extended-9(b) May 9, 2008 5/9/2008HouseFinal Action Deadline Extended-9(b) May 23, 2008 5/23/2008HouseFinal Action Deadline Extended-9(b) May 31, 2008 5/29/2008HouseSecond Reading - Short Debate 5/29/2008HouseHeld on Calendar Order of Second Reading - Short Debate 5/31/2008HouseRule 19(a) / Re-referred to Rules Committee 1/13/2009HouseSession Sine Die