LINK-PETERSON. 35 ILCS 5/203 from Ch. 120, par. 2-203 Amends the Illinois Income Tax Act. Creates a deduction for corporations in an amount equal to 25% of the expenses related to the construction and installation of a cellular tower contingent upon the tower being shared jointly by telecommunications carriers. Provides that the deduction is available in tax years beginning on or after January 1, 1998 and ending on or before December 30, 2003. SENATE AMENDMENT NO. 1. Provides that the new deduction applies to the original cost of construction and installation of any cellular tower or like facility for which an agreement to jointly share with another telecommunications carrier has been entered into or otherwise renewed or extended after January 1, 1998 (now the new deduction applies to expenses related to the construction and installation of a cellular tower contingent upon the tower being shared jointly by telecommunications carriers). 98-02-19 S FIRST READING 98-02-19 S REFERRED TO SENATE RULES COMMITTEE RULES 98-03-05 S ASSIGNED TO COMMITTEE REVENUE 98-03-10 S ADDED AS A CHIEF CO-SPONSOR PETERSON 98-03-12 S AMENDMENT NO. 01-REVENUE S 98-03-12 S ADOPTED 98-03-12 S DO PASS AS AMENDED 008-000-000 SREV 98-03-12 S PLACED ON CALENDAR ORDER OF 2ND READING 98-03-24 98-03-24 S SECOND READING 98-03-24 S PLACED ON CALENDAR ORDER OF 3RD READING 98-03-25 98-03-25 S THIRD READING - CONSIDERATION POSTPONED 98-03-25 S PLACED CALENDAR-CONSIDERATION POSTPONED 98-03-26 98-06-22 S REFER TO RULES/PURSUANT SEN RULE 3-9 (B) RULES SRUL 99-01-12 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary