BEAUBIEN-WINTERS-JOHNSON,TOM-BRADY-ZICKUS, KUBIK, KRAUSE,
HOEFT, BIGGERT, MEYER, PANKAU AND COULSON.
Synopsis of Bill as introduced:
Amends the Illinois Income Tax Act. Grants taxpayers, beginning
with taxable years beginning on or after January 1, 1998, an
additional basic amount standard exemption of $500. Provides that for
individual taxpayers, beginning with taxable years beginning on or
after January 1, 1998, the additional exemption for each dependent in
excess of one allowable shall be $1,500 (now $1000). Provides that
the additional exemptions are exempt from the sunset provisions.
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