summary
Introduced
02/16/2023
02/16/2023
In Committee
03/10/2023
03/10/2023
Crossed Over
Passed
Dead
01/08/2025
01/08/2025
Introduced Session
103rd General Assembly
Bill Summary
Amends the Illinois Income Tax Act. Creates an income tax deduction for premiums paid by the taxpayer during the taxable year under an individual health insurance plan covering the taxpayer or the taxpayer's dependents.
AI Summary
This bill amends the Illinois Income Tax Act to allow taxpayers to deduct an amount equal to the premiums paid under an individual health insurance plan covering the taxpayer or the taxpayer's dependents, starting for taxable years beginning on or after January 1, 2024. This new deduction, which is exempt from certain limitations, is intended to provide tax relief to individuals purchasing their own health insurance coverage.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Session Sine Die (on 01/07/2025)
Bill Topics
Health
- ‐ Health Insurance Reform
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3088&GAID=17&DocTypeID=HB&SessionID=112&GA=103 | 02/16/2023 |
| BillText | https://www.ilga.gov/legislation/103/HB/10300HB3088.htm | 02/16/2023 |
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