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IL HB3737
Bill
Status
Introduced
2/7/2025
Primary Sponsor
Abdelnasser Rashid
Click for details
AI Summary
- Creates a new Illinois state income tax deduction for individual health insurance premiums paid by taxpayers during the taxable year
- Covers premiums for individual health insurance plans that insure the taxpayer or the taxpayer's dependents
- Applies to taxable years beginning on or after January 1, 2026
- The deduction is exempt from the sunset provisions of Section 250 of the Illinois Income Tax Act
- Amends Section 203 of the Illinois Income Tax Act (35 ILCS 5/203) by adding a new subtraction modification subparagraph (NN)
Legislative Description
INC TX-HEALTH INSURANCE
Last Action
Rule 19(a) / Re-referred to Rules Committee
3/21/2025
Committee Referrals
Rules3/21/2025
Income Tax3/13/2025
Revenue & Finance3/11/2025
Rules2/18/2025
Full Bill Text
No bill text available