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<xml>
<title>Illinois General Assembly - Bill Status for HB 6626         </title>
<shortdesc>INC TX-HEALTH INSURANCE CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Jaime M. Andrade, Jr.</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/203</reference><aliasreference>from Ch. 120, par. 2-203</aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Creates a deduction for individual taxpayers who: (1) had health insurance coverage through a nonprofit cooperative established under the federal Patient Protection and Affordable Care Act; (2) lost that coverage because the nonprofit cooperative has ceased doing business in the State; and (3) after the taxpayer's last day of coverage under the nonprofit cooperative plan but prior to January 1, 2017, are covered under a health insurance plan that does not allow the taxpayer to apply expenses incurred while the taxpayer was covered under the nonprofit cooperative plan to the deductible under the new plan. Provides that the deduction is in an amount equal to the difference between the medical expenses actually incurred by the taxpayer during the taxable year and the taxpayer's deductible under the nonprofit cooperative plan. Provides that the deduction applies for taxable years ending on or after January 1, 2016 and ending on or before December 31, 2016. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>11/15/2016</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Jaime M. Andrade, Jr.</action>
<statusdate>11/15/2016</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>11/15/2016</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

