90th General Assembly
Status of SB1294
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   35 ILCS 5/203             from Ch. 120, par. 2-203                          

        Amends the Illinois Income Tax Act.  Provides  that  for  taxable      
   years  beginning  on  or after January 1, 1998 and ending on or before      
   December 30, 2003, an income tax deduction not to exceed  $100,000  is      
   available  to  individuals, corporations, and trusts and estates in an      
   amount equal to the amount contributed for educational purposes by the      
   taxpayer  to  any  public  or  private   elementary,   secondary,   or      
   post-secondary  school  in  Illinois  or to any foundation established      
   under Section 501(c)(3) of the Internal Revenue Code to  raise  moneys      
   for  any public or private elementary or secondary school in Illinois,      
   as certified by the recipient school.                                       
   98-01-29  S  FIRST READING                                                  
   98-01-29  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   99-01-12  S  SESSION SINE DIE                                               


 Full Text  Bill Summary