State of Illinois
2017 and 2018


Introduced , by Rep. Robert W. Pritchard


35 ILCS 5/250

    Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the sunset of exemptions, credits, and deductions.

LRB100 10491 HLH 20705 b





HB2446LRB100 10491 HLH 20705 b

1    AN ACT concerning revenue.
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4    Section 5. The Illinois Income Tax Act is amended by
5changing Section 250 as follows:
6    (35 ILCS 5/250)
7    Sec. 250. Sunset of exemptions, credits, and deductions.
8    (a) The The application of every exemption, credit, and
9deduction against tax imposed by this Act that becomes law
10after the effective date of this amendatory Act of 1994 shall
11be limited by a reasonable and appropriate sunset date. A
12taxpayer is not entitled to take the exemption, credit, or
13deduction for tax years beginning on or after the sunset date.
14Except as provided in subsection (b) of this Section, if a
15reasonable and appropriate sunset date is not specified in the
16Public Act that creates the exemption, credit, or deduction, a
17taxpayer shall not be entitled to take the exemption, credit,
18or deduction for tax years beginning on or after 5 years after
19the effective date of the Public Act creating the exemption,
20credit, or deduction and thereafter; provided, however, that in
21the case of any Public Act authorizing the issuance of
22tax-exempt obligations that does not specify a sunset date for
23the exemption or deduction of income derived from the



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1obligations, the exemption or deduction shall not terminate
2until after the obligations have been paid by the issuer.
3    (b) Notwithstanding the provisions of subsection (a) of
4this Section, the sunset date of any exemption, credit, or
5deduction that is scheduled to expire in 2011, 2012, or 2013 by
6operation of this Section shall be extended by 5 years.
7(Source: P.A. 97-636, eff. 6-1-12.)