SCHOENBERG-FEIGENHOLTZ-RONEN-MATHIAS-HAMOS, FRANKS, GIGLIO,
SLONE, GASH, COULSON, SCOTT, GRANBERG, ERWIN,
O'CONNOR, OSMOND, SILVA, JOHNSON,TIM AND MITCHELL,BILL.
INC TX-HOLOCAUST CLAIM CREDIT
Synopsis of Bill as introduced:
Amends the Illinois Income Tax Act. Grants a deduction to
individuals, trusts, and estates in the amount of distributions and
items of income received by the taxpayer because of his or her status
as a victim or descendant of a victim of Nazi persecution. Provides
that the amount of and the eligibility for any State assistance is not
affected by including these distributions and items of income in gross
income for federal income tax purposes. Exempts the provision from the
sunset requirement. Effective immediately.
HOUSE AMENDMENT NO. 1.
Defines victim of Nazi persecution to mean an individual
persecuted for racial or religious reasons by Nazi Germany or any
other Axis regime.
SENATE AMENDMENT NO. 1.
Adds reference to:
305 ILCS 5/3-1.2 from Ch. 23, par. 3-1.2
305 ILCS 5/3-5 from Ch. 23, par. 3-5
305 ILCS 5/4-1.6 from Ch. 23, par. 4-1.6
305 ILCS 5/4-2 from Ch. 23, par. 4-2
305 ILCS 5/5-2 from Ch. 23, par. 5-2
305 ILCS 5/5-4 from Ch. 23, par. 5-4
305 ILCS 5/6-1.2 from Ch. 23, par. 6-1.2
305 ILCS 5/6-2 from Ch. 23, par. 6-2
320 ILCS 25/3.07 from Ch. 67 1/2, par. 403.07
Amends the Illinois Public Aid Code and Senior Citizens and
Disabled Persons Property Tax Relief and Pharmaceutical Assistance
Act. Excludes distributions and items of income received as a victim
or descendant of a victim of Nazi persecution from consideration for
eligibility under the public aid provisions.
Last action on Bill: PUBLIC ACT.............................. 91-0676
Last action date: 99-12-23
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 1
END OF INQUIRY
Full Text Bill Status