Bill Text: IL HB5083 | 2011-2012 | 97th General Assembly | Introduced

---

Bill Title: Amends the Senior Citizens and Disabled Persons Property Tax Relief and Pharmaceutical Assistance Act. Provides that, for grant years 2013 and thereafter, "income" means federal taxable income (now, "income" means federal adjusted gross income modified by adding thereto income received from any of a list of sources).

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2013-01-08 - Session Sine Die [HB5083 Detail]

Download: Illinois-2011-HB5083-Introduced.html

---

97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012 HB5083 Introduced 2/7/2012, by Rep. Sidney H. Mathias SYNOPSIS AS INTRODUCED:
320 ILCS 25/3.07 from Ch. 67 1/2, par. 403.07
Amends the Senior Citizens and Disabled Persons Property Tax Relief and Pharmaceutical Assistance Act. Provides that, for grant years 2013 and thereafter, "income" means federal taxable income (now, "income" means federal adjusted gross income modified by adding thereto income received from any of a list of sources).
LRB097 18473 HLH 63704 b
FISCAL NOTE ACT MAY APPLY HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
A BILL FOR
HB5083 LRB097 18473 HLH 63704 b
AN ACT concerning senior citizens and disabled persons.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Senior Citizens and Disabled Persons
Property Tax Relief and Pharmaceutical Assistance Act is
amended by changing Section 3.07 as follows:
(320 ILCS 25/3.07) (from Ch. 67 1/2, par. 403.07)
Sec. 3.07. Income. For grant years 2012 and before,
"income" "Income" means adjusted gross income, properly
reportable for federal income tax purposes under the provisions
of the Internal Revenue Code, modified by adding thereto the
sum of the following amounts to the extent deducted or excluded
from gross income in the computation of adjusted gross income:
(A) An amount equal to all amounts paid or accrued as
interest or dividends during the taxable year;
(B) An amount equal to the amount of tax imposed by the
Illinois Income Tax Act paid for the taxable year;
(C) An amount equal to all amounts received during the
taxable year as an annuity under an annuity, endowment or
life insurance contract or under any other contract or
agreement;
(D) An amount equal to the amount of benefits paid
under the Federal Social Security Act during the taxable

HB5083 - 2 - LRB097 18473 HLH 63704 b
year;
(E) An amount equal to the amount of benefits paid
under the Railroad Retirement Act during the taxable year;
(F) An amount equal to the total amount of cash public
assistance payments received from any governmental agency
during the taxable year other than benefits received
pursuant to this Act;
(G) An amount equal to any net operating loss carryover
deduction or capital loss carryover deduction during the
taxable year; and
(H) An amount equal to any benefits received under the
Workers' Compensation Act or the Workers' Occupational
Diseases Act during the taxable year.
"Income" does not include any distributions or items of
income described under subparagraph (X) of paragraph (2) of
subsection (a) of Section 203 of the Illinois Income Tax Act or
any payments under Section 2201 or Section 2202 of the American
Recovery and Reinvestment Act of 2009.
For grant years 2013 and thereafter, "income" means taxable
income, properly reportable for federal income tax purposes
under the provisions of the Internal Revenue Code.
(Source: P.A. 96-804, eff. 1-1-10.)