HB3960 Summary

• Amends Section 505 of the Illinois Marriage and Dissolution of Marriage Act to modify provisions regarding life insurance premiums as a deduction from net income in child support calculations.

• Removes the requirement that life insurance premiums ordered by the court to secure child support payments must comply with limitations in Section 504(f)(1) and (2).

• Clarifies that life insurance premium deductions are permitted only for policies ordered by the court specifically to reasonably secure payment of ordered child support obligations.

• Maintains existing child support guidelines using percentage-based calculations (20% for one child, up to 50% for six or more children) based on the supporting party's net income.

• Takes effect upon becoming law.