Synopsis of Bill as introduced:
Amends the Illinois Income Tax Act to grant an additional $1,000
exemption to an individual with an adjusted gross income of $100,000
or less for each dependent child under age 18. Effective immediately.
STATE MANDATES FISCAL NOTE
HB145 fails to create a State mandate.
FISCAL NOTE (Dept. of Revenue)
HB 145 will reduce individual income tax liabilities by an
estimated $87 million annually.
Last action on Bill: SESSION SINE DIE
Last action date: 99-01-12
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status