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1 | AN ACT concerning revenue.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Illinois Income Tax Act is amended by | |||||||||||||||||||
5 | changing Section 204 as follows:
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6 | (35 ILCS 5/204) (from Ch. 120, par. 2-204)
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7 | Sec. 204. Standard exemption.
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8 | (a) Allowance of exemption. In computing net income under | |||||||||||||||||||
9 | this Act, there
shall be allowed as an exemption the sum of the | |||||||||||||||||||
10 | amounts determined under
subsections (b), (c) and (d), | |||||||||||||||||||
11 | multiplied by a fraction the numerator of which
is the amount | |||||||||||||||||||
12 | of the taxpayer's base income allocable to this State for the
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13 | taxable year and the denominator of which is the taxpayer's | |||||||||||||||||||
14 | total base income
for the taxable year.
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15 | (b) Basic amount. For the purpose of subsection (a) of | |||||||||||||||||||
16 | this Section,
except as provided by subsection (a) of Section | |||||||||||||||||||
17 | 205 and in this
subsection, each taxpayer shall be allowed a | |||||||||||||||||||
18 | basic amount of $1000, except
that for corporations the basic | |||||||||||||||||||
19 | amount shall be zero for tax years ending on
or
after December | |||||||||||||||||||
20 | 31, 2003, and for individuals the basic amount shall be:
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21 | (1) for taxable years ending on or after December 31, | |||||||||||||||||||
22 | 1998 and prior to
December 31, 1999, $1,300;
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23 | (2) for taxable years ending on or after December 31, |
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1 | 1999 and prior to
December 31, 2000, $1,650;
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2 | (3) for taxable years ending on or after December 31, | ||||||
3 | 2000 and prior to December 31, 2012, $2,000;
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4 | (4) for taxable years ending on or after December 31, | ||||||
5 | 2012 and prior to December 31, 2013, $2,050; | ||||||
6 | (5) for taxable years ending on or after December 31, | ||||||
7 | 2013 and on or before December 31, 2028 December 31, 2023 , | ||||||
8 | $2,050 plus the cost-of-living adjustment under subsection | ||||||
9 | (d-5). | ||||||
10 | For taxable years ending on or after December 31, 1992, a | ||||||
11 | taxpayer whose
Illinois base income exceeds the basic amount | ||||||
12 | and who is claimed as a dependent
on another person's tax | ||||||
13 | return under the Internal Revenue Code shall
not be allowed | ||||||
14 | any basic amount under this subsection.
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15 | (c) Additional amount for individuals. In the case of an | ||||||
16 | individual
taxpayer, there shall be allowed for the purpose of | ||||||
17 | subsection (a), in
addition to the basic amount provided by | ||||||
18 | subsection (b), an additional
exemption equal to the basic | ||||||
19 | amount for each
exemption in excess of one
allowable to such | ||||||
20 | individual taxpayer for the taxable year under Section
151 of | ||||||
21 | the Internal Revenue Code.
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22 | (d) Additional exemptions for an individual taxpayer and | ||||||
23 | his or her
spouse. In the case of an individual taxpayer and | ||||||
24 | his or her spouse, he or
she shall each be allowed additional | ||||||
25 | exemptions as follows:
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26 | (1) Additional exemption for taxpayer or spouse 65 |
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1 | years of age or older.
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2 | (A) For taxpayer. An additional exemption of | ||||||
3 | $1,000 for the taxpayer if
he or she has attained the | ||||||
4 | age of 65 before the end of the taxable year.
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5 | (B) For spouse when a joint return is not filed. An | ||||||
6 | additional
exemption of $1,000 for the spouse of the | ||||||
7 | taxpayer if a joint return is not
made by the taxpayer | ||||||
8 | and his spouse, and if the spouse has attained the age
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9 | of 65 before the end of such taxable year, and, for the | ||||||
10 | calendar year in
which the taxable year of the | ||||||
11 | taxpayer begins, has no gross income and is
not the | ||||||
12 | dependent of another taxpayer.
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13 | (2) Additional exemption for blindness of taxpayer or | ||||||
14 | spouse.
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15 | (A) For taxpayer. An additional exemption of | ||||||
16 | $1,000 for the taxpayer if
he or she is blind at the | ||||||
17 | end of the taxable year.
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18 | (B) For spouse when a joint return is not filed. An | ||||||
19 | additional
exemption of $1,000 for the spouse of the | ||||||
20 | taxpayer if a separate return is made
by the taxpayer, | ||||||
21 | and if the spouse is blind and, for the calendar year | ||||||
22 | in which
the taxable year of the taxpayer begins, has | ||||||
23 | no gross income and is not the
dependent of another | ||||||
24 | taxpayer. For purposes of this paragraph, the
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25 | determination of whether the spouse is blind shall be | ||||||
26 | made as of the end of the
taxable year of the taxpayer; |
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1 | except that if the spouse dies during such
taxable | ||||||
2 | year such determination shall be made as of the time of | ||||||
3 | such death.
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4 | (C) Blindness defined. For purposes of this | ||||||
5 | subsection, an individual
is blind only if his or her | ||||||
6 | central visual acuity does not exceed 20/200 in
the | ||||||
7 | better eye with correcting lenses, or if his or her | ||||||
8 | visual acuity is
greater than 20/200 but is | ||||||
9 | accompanied by a limitation in the fields of
vision | ||||||
10 | such that the widest diameter of the visual fields | ||||||
11 | subtends an angle
no greater than 20 degrees.
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12 | (d-5) Cost-of-living adjustment. For purposes of item (5) | ||||||
13 | of subsection (b), the cost-of-living adjustment for any | ||||||
14 | calendar year and for taxable years ending prior to the end of | ||||||
15 | the subsequent calendar year is equal to $2,050 times the | ||||||
16 | percentage (if any) by which: | ||||||
17 | (1) the Consumer Price Index for the preceding | ||||||
18 | calendar year, exceeds | ||||||
19 | (2) the Consumer Price Index for the calendar year | ||||||
20 | 2011. | ||||||
21 | The Consumer Price Index for any calendar year is the | ||||||
22 | average of the Consumer Price Index as of the close of the | ||||||
23 | 12-month period ending on August 31 of that calendar year. | ||||||
24 | The term "Consumer Price Index" means the last Consumer | ||||||
25 | Price Index for All Urban Consumers published by the United | ||||||
26 | States Department of Labor or any successor agency. |
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1 | If any cost-of-living adjustment is not a multiple of $25, | ||||||
2 | that adjustment shall be rounded to the next lowest multiple | ||||||
3 | of $25. | ||||||
4 | (e) Cross reference. See Article 3 for the manner of | ||||||
5 | determining
base income allocable to this State.
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6 | (f) Application of Section 250. Section 250 does not apply | ||||||
7 | to the
amendments to this Section made by Public Act 90-613.
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8 | (g) Notwithstanding any other provision of law, for | ||||||
9 | taxable years beginning on or after January 1, 2017, no | ||||||
10 | taxpayer may claim an exemption under this Section if the | ||||||
11 | taxpayer's adjusted gross income for the taxable year exceeds | ||||||
12 | (i) $500,000, in the case of spouses filing a joint federal tax | ||||||
13 | return or (ii) $250,000, in the case of all other taxpayers. | ||||||
14 | (Source: P.A. 100-22, eff. 7-6-17; 100-865, eff. 8-14-18.)
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15 | Section 99. Effective date. This Act takes effect upon | ||||||
16 | becoming law.
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