90th General Assembly
Summary of SB0396
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Senate Sponsors:
FITZGERALD-BERMAN-CLAYBORNE-SYVERSON, DILLARD AND GEO-KARIS.

House Sponsors:
GRANBERG-PANKAU-O'BRIEN-GIGLIO-CROTTY

Short description: 
INCOME TX-INDEX PERSONAL EXEMP                                             

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act.  Provides that  the  standard      
   exemption  basic  amount  for  individuals,  the additional amount for      
   individuals, and the amounts of the additional exemptions allowed if a      
   taxpayer or a taxpayer's spouse is 65 years of age or older  or  blind      
   shall  be  subject  to  annual  adjustments equal to the percentage of      
   increase in the previous calendar year in the Consumer Price Index for      
   All Urban Consumers for all  items  published  by  the  Untied  States      
   Department  of Labor or a successor index adopted by the Department of      
   Revenue by rule.  Exempts  the  additional  amounts  from  the  sunset      
   provisions of the Act.                                                      
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

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


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