90th General Assembly
Summary of SB1269
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Short description: 
INC TX-BASE INC-ADJUSTMENT                                                 

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act.  Provides that, for  purposes      
   of  determining  the  base  income  of  a corporation, the amount of a      
   taxpayer's adjustment under Section 832(b)(5)(B)(i)  of  the  Internal      
   Revenue  Code  shall  not be treated as an amount of interest excluded      
   from gross income in the computation of taxable income.   Exempt  from      
   the sunset provisions of Section 250.  Effective January 1, 1999.           
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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