PARKER-RADOGNO-NOLAND-O'MALLEY-SULLIVAN, LAUZEN AND OBAMA. (COULSON-MITCHELL,BILL-MYERS,RICHARD-BOST-JONES,JOHN) 35 ILCS 5/204 from Ch. 120, par. 2-204 Amends the Illinois Income Tax Act. Increases the basic amount of the standard exemption to $2,000 for taxable years ending on or after December 31, 1999 (now, $1,650 for taxable year 1999 and $2,000 for taxable year 2000 and thereafter). Effective immediately. FISCAL NOTE (Department of Revenue) Increasing the exemption by $350 will reduce income tax liabil- ities by $112 million per year. SB46 accelerates the $112 million fiscal impact for tax year 2000 by one year (1999). 99-01-27 S FIRST READING 99-01-27 S REFERRED TO SENATE RULES COMMITTEE RULES 99-01-27 S ASSIGNED TO COMMITTEE REVENUE 99-02-02 S ADDED AS A CHIEF CO-SPONSOR RADOGNO 99-02-02 S ADDED AS A CHIEF CO-SPONSOR NOLAND 99-02-02 S ADDED AS A CHIEF CO-SPONSOR O'MALLEY 99-02-02 S ADDED AS A CHIEF CO-SPONSOR SULLIVAN 99-02-03 S FISCAL NOTE REQUESTED PARKER 99-02-03 S ADDED AS A CO-SPONSOR LAUZEN 99-02-18 S POSTPONED 99-02-19 S FISCAL NOTE FILED 99-02-26 S TO SUBCOMMITTEE 99-02-26 S ADDED AS A CO-SPONSOR OBAMA 99-03-11 S DO PASS 009-000-000 SREV 99-03-11 S PLACED ON CALENDAR ORDER OF 2ND READING 99-03-16 99-03-23 S SECOND READING 99-03-23 S PLACED ON CALENDAR ORDER OF 3RD READING 99-03-24 99-03-26 S THIRD READING - PASSED 055-000-000 99-03-26 H ARRIVE IN HOUSE 99-03-26 H HOUSE SPONSOR COULSON 99-03-26 H FIRST READING 99-03-26 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-04-14 H ASSIGNED TO COMMITTEE REVENUE 99-04-15 H ADDED AS A JOINT SPONSOR MITCHELL,BILL 99-04-15 H ADDED AS A JOINT SPONSOR MYERS,RICHARD 99-04-15 H ADDED AS A JOINT SPONSOR BOST 99-04-15 H ADDED AS A JOINT SPONSOR JONES,JOHN 99-04-30 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary