90th General Assembly
Status of SB0620
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BERMAN.

   35 ILCS 5/204             from Ch. 120, par. 2-204                          

        Amends the Illinois Income Tax Act.  Provides that beginning with      
   taxable years  ending  on  or  after  December  31,  1996,  the  basic      
   exemption  amount  for  each  taxpayer  shall  be $3,000 (now $1,000).      
   Provides  that  the  basic  amount  for  individual   taxpayers,   the      
   additional  amount  for individuals, and the amounts of the additional      
   exemptions for taxpayer's or taxpayer's spouses who are  65  years  of      
   age or older or are blind shall be subject to annual adjustments equal      
   to  the  percentage  of  increase in the previous calendar year in the      
   Consumer Price Index for All Urban Consumers for all  items  published      
   by the United States Department of Labor. Exempts the increases in the      
   exemptions from the sunset provisions in the Act.                           
   97-02-06  S  FIRST READING                                                  
   97-02-06  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   97-02-19  S       ASSIGNED TO COMMITTEE               REVENUE               
   97-03-06  S                         HELD IN COMMITTEE                       
   97-03-06  S                   COMMITTEE               REVENUE               
   97-03-15  S  RE-REFERRED TO RULES COMM/RULE 3-9(A)    RULES                 
   99-01-12  S  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary