90th General Assembly
Summary of HB0145
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House Sponsors:

Short description: 
INC TX-EXEMPTION-DEPENDENTS                                                

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

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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