State of Illinois
92nd General Assembly
Legislation

   [ Search ]   [ PDF text ]   [ Legislation ]   
[ Home ]   [ Back ]   [ Bottom ]


[ Engrossed ]


92_HB0058

 
                                               LRB9200807SMdv

 1        AN ACT to amend the Illinois Income Tax Act  by  changing
 2    Section 203.

 3        Be  it  enacted  by  the People of the State of Illinois,
 4    represented in the General Assembly:

 5        Section 5.  The Illinois Income Tax  Act  is  amended  by
 6    changing Section 203 as follows:

 7        (35 ILCS 5/203) (from Ch. 120, par. 2-203)
 8        Sec. 203.  Base income defined.
 9        (a)  Individuals.
10             (1)  In general.  In the case of an individual, base
11        income  means  an amount equal to the taxpayer's adjusted
12        gross  income  for  the  taxable  year  as  modified   by
13        paragraph (2).
14             (2)  Modifications.    The   adjusted  gross  income
15        referred to in paragraph (1) shall be modified by  adding
16        thereto the sum of the following amounts:
17                  (A)  An  amount  equal  to  all amounts paid or
18             accrued to the taxpayer  as  interest  or  dividends
19             during  the taxable year to the extent excluded from
20             gross income in the computation  of  adjusted  gross
21             income,  except  stock dividends of qualified public
22             utilities  described  in  Section  305(e)   of   the
23             Internal Revenue Code;
24                  (B)  An  amount  equal  to  the  amount  of tax
25             imposed by this Act  to  the  extent  deducted  from
26             gross  income  in  the computation of adjusted gross
27             income for the taxable year;
28                  (C)  An amount equal  to  the  amount  received
29             during  the  taxable year as a recovery or refund of
30             real  property  taxes  paid  with  respect  to   the
31             taxpayer's principal residence under the Revenue Act

 
                            -2-                LRB9200807SMdv
 1             of  1939  and  for  which a deduction was previously
 2             taken under subparagraph (L) of this  paragraph  (2)
 3             prior to July 1, 1991, the retrospective application
 4             date  of Article 4 of Public Act 87-17.  In the case
 5             of  multi-unit  or  multi-use  structures  and  farm
 6             dwellings, the taxes  on  the  taxpayer's  principal
 7             residence  shall  be that portion of the total taxes
 8             for the entire property  which  is  attributable  to
 9             such principal residence;
10                  (D)  An  amount  equal  to  the  amount  of the
11             capital gain deduction allowable under the  Internal
12             Revenue  Code,  to  the  extent  deducted from gross
13             income in the computation of adjusted gross income;
14                  (D-5)  An amount, to the extent not included in
15             adjusted gross income, equal to the amount of  money
16             withdrawn by the taxpayer in the taxable year from a
17             medical care savings account and the interest earned
18             on  the  account in the taxable year of a withdrawal
19             pursuant to subsection (b)  of  Section  20  of  the
20             Medical  Care  Savings Account Act or subsection (b)
21             of Section 20 of the Medical  Care  Savings  Account
22             Act of 2000; and
23                  (D-10)  For taxable years ending after December
24             31,   1997,   an   amount   equal  to  any  eligible
25             remediation costs that the  individual  deducted  in
26             computing  adjusted  gross  income and for which the
27             individual claims a credit under subsection  (l)  of
28             Section 201;
29        and  by  deducting  from the total so obtained the sum of
30        the following amounts:
31                  (E)  Any  amount  included  in  such  total  in
32             respect  of  any  compensation  (including  but  not
33             limited to any compensation paid  or  accrued  to  a
34             serviceman  while  a  prisoner  of war or missing in
 
                            -3-                LRB9200807SMdv
 1             action) paid to a resident by  reason  of  being  on
 2             active  duty,  or  on reserve duty for taxable years
 3             ending on or after December 31, 2001, in  the  Armed
 4             Forces  of  the United States, and in respect of any
 5             compensation paid or accrued to a resident who as  a
 6             governmental  employee  was  a  prisoner  of  war or
 7             missing  in  action,   and   in   respect   of   any
 8             compensation  paid  to  a resident in 1971 or or any
 9             taxable year thereafter ending on or before December
10             30, 2001, for annual training performed pursuant  to
11             Sections  502  and 503, Title 32, United States Code
12             as a member of the Illinois National Guard, and, for
13             taxable years ending on or after December 31,  2001,
14             in  repsect  of  any compensation paid to a resident
15             for any service as a member of the Illinois National
16             Guard. This subparagraph  (E)  is  exempt  from  the
17             provisions of Section 250;
18                  (F)  An amount equal to all amounts included in
19             such  total  pursuant  to the provisions of Sections
20             402(a), 402(c), 403(a), 403(b), 406(a), 407(a),  and
21             408  of  the  Internal  Revenue Code, or included in
22             such total as distributions under the provisions  of
23             any  retirement  or disability plan for employees of
24             any  governmental  agency  or  unit,  or  retirement
25             payments to retired  partners,  which  payments  are
26             excluded   in   computing  net  earnings  from  self
27             employment by Section 1402 of the  Internal  Revenue
28             Code and regulations adopted pursuant thereto;
29                  (G)  The valuation limitation amount;
30                  (H)  An  amount  equal to the amount of any tax
31             imposed by  this  Act  which  was  refunded  to  the
32             taxpayer  and included in such total for the taxable
33             year;
34                  (I)  An amount equal to all amounts included in
 
                            -4-                LRB9200807SMdv
 1             such total pursuant to the provisions of Section 111
 2             of the Internal Revenue Code as a recovery of  items
 3             previously  deducted  from  adjusted gross income in
 4             the computation of taxable income;
 5                  (J)  An  amount  equal   to   those   dividends
 6             included   in  such  total  which  were  paid  by  a
 7             corporation which conducts business operations in an
 8             Enterprise Zone or zones created under the  Illinois
 9             Enterprise  Zone Act, and conducts substantially all
10             of its operations in an Enterprise Zone or zones;
11                  (K)  An  amount  equal   to   those   dividends
12             included   in   such  total  that  were  paid  by  a
13             corporation that conducts business operations  in  a
14             federally  designated Foreign Trade Zone or Sub-Zone
15             and  that  is  designated  a  High  Impact  Business
16             located  in  Illinois;   provided   that   dividends
17             eligible  for the deduction provided in subparagraph
18             (J) of paragraph (2) of this subsection shall not be
19             eligible  for  the  deduction  provided  under  this
20             subparagraph (K);
21                  (L)  For taxable years  ending  after  December
22             31,  1983,  an  amount  equal to all social security
23             benefits and railroad retirement  benefits  included
24             in  such  total pursuant to Sections 72(r) and 86 of
25             the Internal Revenue Code;
26                  (M)  With  the   exception   of   any   amounts
27             subtracted  under  subparagraph (N), an amount equal
28             to the sum of all amounts disallowed  as  deductions
29             by  (i)  Sections  171(a)  (2),  and  265(2)  of the
30             Internal Revenue Code of 1954, as now  or  hereafter
31             amended,  and  all  amounts of expenses allocable to
32             interest and  disallowed as  deductions  by  Section
33             265(1)  of the Internal Revenue Code of 1954, as now
34             or hereafter amended; and  (ii)  for  taxable  years
 
                            -5-                LRB9200807SMdv
 1             ending   on  or  after  August  13,  1999,  Sections
 2             171(a)(2), 265, 280C,  and  832(b)(5)(B)(i)  of  the
 3             Internal   Revenue  Code;  the  provisions  of  this
 4             subparagraph  are  exempt  from  the  provisions  of
 5             Section 250;
 6                  (N)  An amount equal to all amounts included in
 7             such total which are exempt from  taxation  by  this
 8             State   either   by   reason   of  its  statutes  or
 9             Constitution  or  by  reason  of  the  Constitution,
10             treaties or statutes of the United States;  provided
11             that,  in the case of any statute of this State that
12             exempts  income  derived   from   bonds   or   other
13             obligations from the tax imposed under this Act, the
14             amount  exempted  shall  be the interest net of bond
15             premium amortization;
16                  (O)  An amount equal to any  contribution  made
17             to  a  job  training project established pursuant to
18             the Tax Increment Allocation Redevelopment Act;
19                  (P)  An amount  equal  to  the  amount  of  the
20             deduction  used  to  compute  the federal income tax
21             credit for restoration of substantial  amounts  held
22             under  claim  of right for the taxable year pursuant
23             to Section 1341 of  the  Internal  Revenue  Code  of
24             1986;
25                  (Q)  An amount equal to any amounts included in
26             such   total,   received   by  the  taxpayer  as  an
27             acceleration in the payment of  life,  endowment  or
28             annuity  benefits  in advance of the time they would
29             otherwise be payable as an indemnity for a  terminal
30             illness;
31                  (R)  An  amount  equal  to  the  amount  of any
32             federal or State  bonus  paid  to  veterans  of  the
33             Persian Gulf War;
34                  (S)  An  amount,  to  the  extent  included  in
 
                            -6-                LRB9200807SMdv
 1             adjusted  gross  income,  equal  to  the amount of a
 2             contribution made in the taxable year on  behalf  of
 3             the  taxpayer  to  a  medical  care  savings account
 4             established under the Medical Care  Savings  Account
 5             Act  or the Medical Care Savings Account Act of 2000
 6             to the extent the contribution is  accepted  by  the
 7             account administrator as provided in that Act;
 8                  (T)  An  amount,  to  the  extent  included  in
 9             adjusted  gross  income,  equal  to  the  amount  of
10             interest  earned  in  the  taxable year on a medical
11             care savings account established under  the  Medical
12             Care Savings Account Act or the Medical Care Savings
13             Account Act of 2000 on behalf of the taxpayer, other
14             than  interest  added pursuant to item (D-5) of this
15             paragraph (2);
16                  (U)  For one taxable year beginning on or after
17             January 1, 1994, an amount equal to the total amount
18             of tax imposed and paid under  subsections  (a)  and
19             (b)  of  Section  201  of  this Act on grant amounts
20             received by the  taxpayer  under  the  Nursing  Home
21             Grant  Assistance  Act during the taxpayer's taxable
22             years 1992 and 1993;
23                  (V)  Beginning with  tax  years  ending  on  or
24             after  December  31,  1995 and ending with tax years
25             ending on or before December  31,  2004,  an  amount
26             equal  to  the  amount  paid  by a taxpayer who is a
27             self-employed taxpayer, a partner of a  partnership,
28             or  a  shareholder in a Subchapter S corporation for
29             health insurance or  long-term  care  insurance  for
30             that   taxpayer   or   that   taxpayer's  spouse  or
31             dependents, to the extent that the amount  paid  for
32             that  health  insurance  or long-term care insurance
33             may be deducted under Section 213  of  the  Internal
34             Revenue  Code  of 1986, has not been deducted on the
 
                            -7-                LRB9200807SMdv
 1             federal income tax return of the taxpayer, and  does
 2             not  exceed  the taxable income attributable to that
 3             taxpayer's  income,   self-employment   income,   or
 4             Subchapter  S  corporation  income;  except  that no
 5             deduction shall be allowed under this  item  (V)  if
 6             the  taxpayer  is  eligible  to  participate  in any
 7             health insurance or long-term care insurance plan of
 8             an  employer  of  the  taxpayer  or  the  taxpayer's
 9             spouse.  The amount  of  the  health  insurance  and
10             long-term  care insurance subtracted under this item
11             (V) shall be determined by multiplying total  health
12             insurance and long-term care insurance premiums paid
13             by  the  taxpayer times a number that represents the
14             fractional percentage of eligible  medical  expenses
15             under  Section  213  of the Internal Revenue Code of
16             1986 not actually deducted on the taxpayer's federal
17             income tax return;
18                  (W)  For taxable years beginning  on  or  after
19             January   1,  1998,  all  amounts  included  in  the
20             taxpayer's federal gross income in the taxable  year
21             from  amounts converted from a regular IRA to a Roth
22             IRA. This paragraph is exempt from the provisions of
23             Section 250; and
24                  (X)  For taxable year 1999 and  thereafter,  an
25             amount equal to the amount of any (i) distributions,
26             to the extent includible in gross income for federal
27             income tax purposes, made to the taxpayer because of
28             his  or  her  status  as a victim of persecution for
29             racial or religious reasons by Nazi Germany  or  any
30             other  Axis  regime  or as an heir of the victim and
31             (ii) items of income, to the  extent  includible  in
32             gross   income  for  federal  income  tax  purposes,
33             attributable to, derived from or in any way  related
34             to  assets  stolen  from,  hidden from, or otherwise
 
                            -8-                LRB9200807SMdv
 1             lost to  a  victim  of  persecution  for  racial  or
 2             religious  reasons by Nazi Germany or any other Axis
 3             regime immediately prior to, during, and immediately
 4             after World War II, including, but not  limited  to,
 5             interest  on  the  proceeds  receivable as insurance
 6             under policies issued to a victim of persecution for
 7             racial or religious reasons by Nazi Germany  or  any
 8             other  Axis  regime  by European insurance companies
 9             immediately  prior  to  and  during  World  War  II;
10             provided, however,  this  subtraction  from  federal
11             adjusted  gross  income  does  not  apply  to assets
12             acquired with such assets or with the proceeds  from
13             the  sale  of  such  assets; provided, further, this
14             paragraph shall only apply to a taxpayer who was the
15             first recipient of such assets after their  recovery
16             and  who  is  a  victim of persecution for racial or
17             religious reasons by Nazi Germany or any other  Axis
18             regime  or  as an heir of the victim.  The amount of
19             and  the  eligibility  for  any  public  assistance,
20             benefit, or similar entitlement is not  affected  by
21             the   inclusion  of  items  (i)  and  (ii)  of  this
22             paragraph in gross income  for  federal  income  tax
23             purposes.   This   paragraph   is  exempt  from  the
24             provisions of Section 250.

25        (b)  Corporations.
26             (1)  In general.  In the case of a corporation, base
27        income means an amount equal to  the  taxpayer's  taxable
28        income for the taxable year as modified by paragraph (2).
29             (2)  Modifications.   The taxable income referred to
30        in paragraph (1) shall be modified by adding thereto  the
31        sum of the following amounts:
32                  (A)  An  amount  equal  to  all amounts paid or
33             accrued  to  the  taxpayer  as  interest   and   all
34             distributions  received  from  regulated  investment
 
                            -9-                LRB9200807SMdv
 1             companies  during  the  taxable  year  to the extent
 2             excluded from gross income  in  the  computation  of
 3             taxable income;
 4                  (B)  An  amount  equal  to  the  amount  of tax
 5             imposed by this Act  to  the  extent  deducted  from
 6             gross  income  in  the computation of taxable income
 7             for the taxable year;
 8                  (C)  In the  case  of  a  regulated  investment
 9             company,  an  amount  equal to the excess of (i) the
10             net long-term capital gain  for  the  taxable  year,
11             over  (ii)  the amount of the capital gain dividends
12             designated  as  such  in  accordance  with   Section
13             852(b)(3)(C)  of  the  Internal Revenue Code and any
14             amount designated under Section 852(b)(3)(D) of  the
15             Internal  Revenue  Code, attributable to the taxable
16             year (this amendatory Act of 1995 (Public Act 89-89)
17             is declarative of existing law  and  is  not  a  new
18             enactment);
19                  (D)  The  amount  of  any  net  operating  loss
20             deduction taken in arriving at taxable income, other
21             than  a  net  operating  loss carried forward from a
22             taxable year ending prior to December 31, 1986;
23                  (E)  For taxable years in which a net operating
24             loss carryback or carryforward from a  taxable  year
25             ending  prior  to December 31, 1986 is an element of
26             taxable income under paragraph (1) of subsection (e)
27             or subparagraph (E) of paragraph (2)  of  subsection
28             (e),  the  amount  by  which  addition modifications
29             other than those provided by this  subparagraph  (E)
30             exceeded  subtraction  modifications in such earlier
31             taxable year, with the following limitations applied
32             in the order that they are listed:
33                       (i)  the addition modification relating to
34                  the net operating loss carried back or  forward
 
                            -10-               LRB9200807SMdv
 1                  to  the  taxable  year  from  any  taxable year
 2                  ending prior to  December  31,  1986  shall  be
 3                  reduced  by the amount of addition modification
 4                  under this subparagraph (E)  which  related  to
 5                  that  net  operating  loss  and which was taken
 6                  into account in calculating the base income  of
 7                  an earlier taxable year, and
 8                       (ii)  the  addition  modification relating
 9                  to the  net  operating  loss  carried  back  or
10                  forward  to  the  taxable year from any taxable
11                  year ending prior to December  31,  1986  shall
12                  not  exceed  the  amount  of  such carryback or
13                  carryforward;
14                  For taxable years  in  which  there  is  a  net
15             operating  loss  carryback or carryforward from more
16             than one other taxable year ending prior to December
17             31, 1986, the addition modification provided in this
18             subparagraph (E) shall be the  sum  of  the  amounts
19             computed    independently    under   the   preceding
20             provisions of this subparagraph (E)  for  each  such
21             taxable year; and
22                  (E-5)  For  taxable years ending after December
23             31,  1997,  an  amount   equal   to   any   eligible
24             remediation  costs  that the corporation deducted in
25             computing adjusted gross income and  for  which  the
26             corporation  claims a credit under subsection (l) of
27             Section 201;
28        and by deducting from the total so obtained  the  sum  of
29        the following amounts:
30                  (F)  An  amount  equal to the amount of any tax
31             imposed by  this  Act  which  was  refunded  to  the
32             taxpayer  and included in such total for the taxable
33             year;
34                  (G)  An amount equal to any amount included  in
 
                            -11-               LRB9200807SMdv
 1             such  total under Section 78 of the Internal Revenue
 2             Code;
 3                  (H)  In the  case  of  a  regulated  investment
 4             company,  an  amount  equal  to the amount of exempt
 5             interest dividends as defined in subsection (b)  (5)
 6             of Section 852 of the Internal Revenue Code, paid to
 7             shareholders for the taxable year;
 8                  (I)  With   the   exception   of   any  amounts
 9             subtracted under subparagraph (J), an  amount  equal
10             to  the  sum of all amounts disallowed as deductions
11             by  (i)  Sections  171(a)  (2),  and  265(a)(2)  and
12             amounts disallowed as interest  expense  by  Section
13             291(a)(3)  of  the  Internal Revenue Code, as now or
14             hereafter  amended,  and  all  amounts  of  expenses
15             allocable to interest and disallowed  as  deductions
16             by  Section  265(a)(1) of the Internal Revenue Code,
17             as now or hereafter amended; and  (ii)  for  taxable
18             years  ending  on or after August 13, 1999, Sections
19             171(a)(2), 265, 280C, 291(a)(3), and 832(b)(5)(B)(i)
20             of the Internal Revenue Code; the provisions of this
21             subparagraph  are  exempt  from  the  provisions  of
22             Section 250;
23                  (J)  An amount equal to all amounts included in
24             such total which are exempt from  taxation  by  this
25             State   either   by   reason   of  its  statutes  or
26             Constitution  or  by  reason  of  the  Constitution,
27             treaties or statutes of the United States;  provided
28             that,  in the case of any statute of this State that
29             exempts  income  derived   from   bonds   or   other
30             obligations from the tax imposed under this Act, the
31             amount  exempted  shall  be the interest net of bond
32             premium amortization;
33                  (K)  An  amount  equal   to   those   dividends
34             included   in  such  total  which  were  paid  by  a
 
                            -12-               LRB9200807SMdv
 1             corporation which conducts business operations in an
 2             Enterprise Zone or zones created under the  Illinois
 3             Enterprise  Zone  Act and conducts substantially all
 4             of its operations in an Enterprise Zone or zones;
 5                  (L)  An  amount  equal   to   those   dividends
 6             included   in   such  total  that  were  paid  by  a
 7             corporation that conducts business operations  in  a
 8             federally  designated Foreign Trade Zone or Sub-Zone
 9             and  that  is  designated  a  High  Impact  Business
10             located  in  Illinois;   provided   that   dividends
11             eligible  for the deduction provided in subparagraph
12             (K) of paragraph 2 of this subsection shall  not  be
13             eligible  for  the  deduction  provided  under  this
14             subparagraph (L);
15                  (M)  For  any  taxpayer  that  is  a  financial
16             organization within the meaning of Section 304(c) of
17             this  Act,  an  amount  included  in  such  total as
18             interest income from a loan or loans  made  by  such
19             taxpayer  to  a  borrower, to the extent that such a
20             loan is secured by property which  is  eligible  for
21             the Enterprise Zone Investment Credit.  To determine
22             the  portion  of  a loan or loans that is secured by
23             property  eligible  for  a  Section  201(f)   201(h)
24             investment   credit  to  the  borrower,  the  entire
25             principal amount of the loan or  loans  between  the
26             taxpayer and the borrower should be divided into the
27             basis of the Section 201(f) 201(h) investment credit
28             property  which secures the loan or loans, using for
29             this purpose the original basis of such property  on
30             the  date  that  it  was  placed  in  service in the
31             Enterprise  Zone.   The   subtraction   modification
32             available   to  taxpayer  in  any  year  under  this
33             subsection  shall  be  that  portion  of  the  total
34             interest paid by the borrower with respect  to  such
 
                            -13-               LRB9200807SMdv
 1             loan   attributable  to  the  eligible  property  as
 2             calculated under the previous sentence;
 3                  (M-1)  For any taxpayer  that  is  a  financial
 4             organization within the meaning of Section 304(c) of
 5             this  Act,  an  amount  included  in  such  total as
 6             interest income from a loan or loans  made  by  such
 7             taxpayer  to  a  borrower, to the extent that such a
 8             loan is secured by property which  is  eligible  for
 9             the  High  Impact  Business  Investment  Credit.  To
10             determine the portion of a loan  or  loans  that  is
11             secured  by  property  eligible for a Section 201(h)
12             201(i) investment credit to the borrower, the entire
13             principal amount of the loan or  loans  between  the
14             taxpayer and the borrower should be divided into the
15             basis of the Section 201(h) 201(i) investment credit
16             property  which secures the loan or loans, using for
17             this purpose the original basis of such property  on
18             the  date  that  it  was  placed  in  service  in  a
19             federally  designated Foreign Trade Zone or Sub-Zone
20             located in Illinois.  No taxpayer that  is  eligible
21             for  the  deduction  provided in subparagraph (M) of
22             paragraph (2) of this subsection shall  be  eligible
23             for  the  deduction provided under this subparagraph
24             (M-1).  The subtraction  modification  available  to
25             taxpayers in any year under this subsection shall be
26             that  portion  of  the  total  interest  paid by the
27             borrower with respect to such loan  attributable  to
28             the   eligible  property  as  calculated  under  the
29             previous sentence;
30                  (N)  Two times any contribution made during the
31             taxable year to a designated  zone  organization  to
32             the  extent that the contribution (i) qualifies as a
33             charitable  contribution  under  subsection  (c)  of
34             Section 170 of the Internal Revenue  Code  and  (ii)
 
                            -14-               LRB9200807SMdv
 1             must,  by  its terms, be used for a project approved
 2             by the Department of Commerce and Community  Affairs
 3             under  Section  11  of  the Illinois Enterprise Zone
 4             Act;
 5                  (O)  An amount equal to: (i)  85%  for  taxable
 6             years  ending  on or before December 31, 1992, or, a
 7             percentage equal to the percentage  allowable  under
 8             Section  243(a)(1)  of  the Internal Revenue Code of
 9             1986 for taxable years  ending  after  December  31,
10             1992,  of  the amount by which dividends included in
11             taxable income and received from a corporation  that
12             is  not  created  or organized under the laws of the
13             United States or any state or political  subdivision
14             thereof,  including,  for taxable years ending on or
15             after  December  31,  1988,  dividends  received  or
16             deemed  received  or  paid  or  deemed  paid   under
17             Sections  951  through  964  of the Internal Revenue
18             Code, exceed the amount of the modification provided
19             under subparagraph (G)  of  paragraph  (2)  of  this
20             subsection  (b)  which is related to such dividends;
21             plus (ii) 100% of the  amount  by  which  dividends,
22             included  in taxable income and received, including,
23             for taxable years ending on or  after  December  31,
24             1988,  dividends received or deemed received or paid
25             or deemed paid under Sections 951 through 964 of the
26             Internal Revenue Code,  from  any  such  corporation
27             specified  in  clause  (i)  that  would  but for the
28             provisions of Section 1504 (b) (3) of  the  Internal
29             Revenue   Code   be  treated  as  a  member  of  the
30             affiliated  group  which   includes   the   dividend
31             recipient,  exceed  the  amount  of the modification
32             provided under subparagraph (G) of paragraph (2)  of
33             this   subsection  (b)  which  is  related  to  such
34             dividends;
 
                            -15-               LRB9200807SMdv
 1                  (P)  An amount equal to any  contribution  made
 2             to  a  job  training project established pursuant to
 3             the Tax Increment Allocation Redevelopment Act;
 4                  (Q)  An amount  equal  to  the  amount  of  the
 5             deduction  used  to  compute  the federal income tax
 6             credit for restoration of substantial  amounts  held
 7             under  claim  of right for the taxable year pursuant
 8             to Section 1341 of  the  Internal  Revenue  Code  of
 9             1986;
10                  (R)  In  the  case  of an attorney-in-fact with
11             respect to whom  an  interinsurer  or  a  reciprocal
12             insurer  has  made the election under Section 835 of
13             the Internal Revenue Code, 26 U.S.C. 835, an  amount
14             equal  to the excess, if any, of the amounts paid or
15             incurred by that interinsurer or reciprocal  insurer
16             in the taxable year to the attorney-in-fact over the
17             deduction allowed to that interinsurer or reciprocal
18             insurer  with  respect to the attorney-in-fact under
19             Section 835(b) of the Internal Revenue Code for  the
20             taxable year; and
21                  (S)  For  taxable  years  ending  on  or  after
22             December  31,  1997,  in  the case of a Subchapter S
23             corporation, an  amount  equal  to  all  amounts  of
24             income  allocable  to  a  shareholder subject to the
25             Personal Property Tax Replacement Income Tax imposed
26             by subsections (c) and (d) of Section  201  of  this
27             Act,  including  amounts  allocable to organizations
28             exempt from federal income tax by reason of  Section
29             501(a)   of   the   Internal   Revenue  Code.   This
30             subparagraph (S) is exempt from  the  provisions  of
31             Section 250.
32             (3)  Special  rule.   For  purposes of paragraph (2)
33        (A), "gross income" in  the  case  of  a  life  insurance
34        company,  for  tax years ending on and after December 31,
 
                            -16-               LRB9200807SMdv
 1        1994, shall mean the  gross  investment  income  for  the
 2        taxable year.

 3        (c)  Trusts and estates.
 4             (1)  In  general.  In the case of a trust or estate,
 5        base income means  an  amount  equal  to  the  taxpayer's
 6        taxable  income  for  the  taxable  year  as  modified by
 7        paragraph (2).
 8             (2)  Modifications.  Subject to  the  provisions  of
 9        paragraph   (3),   the  taxable  income  referred  to  in
10        paragraph (1) shall be modified by adding thereto the sum
11        of the following amounts:
12                  (A)  An amount equal to  all  amounts  paid  or
13             accrued  to  the  taxpayer  as interest or dividends
14             during the taxable year to the extent excluded  from
15             gross income in the computation of taxable income;
16                  (B)  In the case of (i) an estate, $600; (ii) a
17             trust  which,  under  its  governing  instrument, is
18             required to distribute all of its income  currently,
19             $300;  and  (iii) any other trust, $100, but in each
20             such case,  only  to  the  extent  such  amount  was
21             deducted in the computation of taxable income;
22                  (C)  An  amount  equal  to  the  amount  of tax
23             imposed by this Act  to  the  extent  deducted  from
24             gross  income  in  the computation of taxable income
25             for the taxable year;
26                  (D)  The  amount  of  any  net  operating  loss
27             deduction taken in arriving at taxable income, other
28             than a net operating loss  carried  forward  from  a
29             taxable year ending prior to December 31, 1986;
30                  (E)  For taxable years in which a net operating
31             loss  carryback  or carryforward from a taxable year
32             ending prior to December 31, 1986 is an  element  of
33             taxable income under paragraph (1) of subsection (e)
34             or  subparagraph  (E) of paragraph (2) of subsection
 
                            -17-               LRB9200807SMdv
 1             (e), the  amount  by  which  addition  modifications
 2             other  than  those provided by this subparagraph (E)
 3             exceeded subtraction modifications in  such  taxable
 4             year,  with the following limitations applied in the
 5             order that they are listed:
 6                       (i)  the addition modification relating to
 7                  the net operating loss carried back or  forward
 8                  to  the  taxable  year  from  any  taxable year
 9                  ending prior to  December  31,  1986  shall  be
10                  reduced  by the amount of addition modification
11                  under this subparagraph (E)  which  related  to
12                  that  net  operating  loss  and which was taken
13                  into account in calculating the base income  of
14                  an earlier taxable year, and
15                       (ii)  the  addition  modification relating
16                  to the  net  operating  loss  carried  back  or
17                  forward  to  the  taxable year from any taxable
18                  year ending prior to December  31,  1986  shall
19                  not  exceed  the  amount  of  such carryback or
20                  carryforward;
21                  For taxable years  in  which  there  is  a  net
22             operating  loss  carryback or carryforward from more
23             than one other taxable year ending prior to December
24             31, 1986, the addition modification provided in this
25             subparagraph (E) shall be the  sum  of  the  amounts
26             computed    independently    under   the   preceding
27             provisions of this subparagraph (E)  for  each  such
28             taxable year;
29                  (F)  For  taxable  years  ending  on  or  after
30             January 1, 1989, an amount equal to the tax deducted
31             pursuant to Section 164 of the Internal Revenue Code
32             if  the trust or estate is claiming the same tax for
33             purposes of the Illinois foreign  tax  credit  under
34             Section 601 of this Act;
 
                            -18-               LRB9200807SMdv
 1                  (G)  An  amount  equal  to  the  amount  of the
 2             capital gain deduction allowable under the  Internal
 3             Revenue  Code,  to  the  extent  deducted from gross
 4             income in the computation of taxable income; and
 5                  (G-5)  For taxable years ending after  December
 6             31,   1997,   an   amount   equal  to  any  eligible
 7             remediation costs that the trust or estate  deducted
 8             in computing adjusted gross income and for which the
 9             trust or estate claims a credit under subsection (l)
10             of Section 201;
11        and  by  deducting  from the total so obtained the sum of
12        the following amounts:
13                  (H)  An amount equal to all amounts included in
14             such total pursuant to the  provisions  of  Sections
15             402(a),  402(c),  403(a), 403(b), 406(a), 407(a) and
16             408 of the Internal Revenue Code or included in such
17             total as distributions under the provisions  of  any
18             retirement  or  disability plan for employees of any
19             governmental agency or unit, or retirement  payments
20             to  retired partners, which payments are excluded in
21             computing  net  earnings  from  self  employment  by
22             Section  1402  of  the  Internal  Revenue  Code  and
23             regulations adopted pursuant thereto;
24                  (I)  The valuation limitation amount;
25                  (J)  An amount equal to the amount of  any  tax
26             imposed  by  this  Act  which  was  refunded  to the
27             taxpayer and included in such total for the  taxable
28             year;
29                  (K)  An amount equal to all amounts included in
30             taxable  income  as  modified  by subparagraphs (A),
31             (B), (C), (D), (E), (F) and  (G)  which  are  exempt
32             from  taxation by this State either by reason of its
33             statutes  or  Constitution  or  by  reason  of   the
34             Constitution,  treaties  or  statutes  of the United
 
                            -19-               LRB9200807SMdv
 1             States; provided that, in the case of any statute of
 2             this State that exempts income derived from bonds or
 3             other obligations from the tax  imposed  under  this
 4             Act,  the  amount exempted shall be the interest net
 5             of bond premium amortization;
 6                  (L)  With  the   exception   of   any   amounts
 7             subtracted  under  subparagraph (K), an amount equal
 8             to the sum of all amounts disallowed  as  deductions
 9             by  (i)  Sections  171(a)  (2)  and 265(a)(2) of the
10             Internal Revenue Code, as now or hereafter  amended,
11             and  all  amounts  of expenses allocable to interest
12             and disallowed as deductions by  Section  265(1)  of
13             the  Internal  Revenue  Code  of  1954,  as  now  or
14             hereafter amended; and (ii) for taxable years ending
15             on  or  after  August  13, 1999, Sections 171(a)(2),
16             265,  280C,  and  832(b)(5)(B)(i)  of  the  Internal
17             Revenue Code; the provisions  of  this  subparagraph
18             are exempt from the provisions of Section 250;
19                  (M)  An   amount   equal   to  those  dividends
20             included  in  such  total  which  were  paid  by   a
21             corporation which conducts business operations in an
22             Enterprise  Zone or zones created under the Illinois
23             Enterprise Zone Act and conducts  substantially  all
24             of its operations in an Enterprise Zone or Zones;
25                  (N)  An  amount  equal to any contribution made
26             to a job training project  established  pursuant  to
27             the Tax Increment Allocation Redevelopment Act;
28                  (O)  An   amount   equal   to  those  dividends
29             included  in  such  total  that  were  paid   by   a
30             corporation  that  conducts business operations in a
31             federally designated Foreign Trade Zone or  Sub-Zone
32             and  that  is  designated  a  High  Impact  Business
33             located   in   Illinois;   provided  that  dividends
34             eligible for the deduction provided in  subparagraph
 
                            -20-               LRB9200807SMdv
 1             (M) of paragraph (2) of this subsection shall not be
 2             eligible  for  the  deduction  provided  under  this
 3             subparagraph (O);
 4                  (P)  An  amount  equal  to  the  amount  of the
 5             deduction used to compute  the  federal  income  tax
 6             credit  for  restoration of substantial amounts held
 7             under claim of right for the taxable  year  pursuant
 8             to  Section  1341  of  the  Internal Revenue Code of
 9             1986; and
10                  (Q)  For taxable year 1999 and  thereafter,  an
11             amount equal to the amount of any (i) distributions,
12             to the extent includible in gross income for federal
13             income tax purposes, made to the taxpayer because of
14             his  or  her  status  as a victim of persecution for
15             racial or religious reasons by Nazi Germany  or  any
16             other  Axis  regime  or as an heir of the victim and
17             (ii) items of income, to the  extent  includible  in
18             gross   income  for  federal  income  tax  purposes,
19             attributable to, derived from or in any way  related
20             to  assets  stolen  from,  hidden from, or otherwise
21             lost to  a  victim  of  persecution  for  racial  or
22             religious  reasons by Nazi Germany or any other Axis
23             regime immediately prior to, during, and immediately
24             after World War II, including, but not  limited  to,
25             interest  on  the  proceeds  receivable as insurance
26             under policies issued to a victim of persecution for
27             racial or religious reasons by Nazi Germany  or  any
28             other  Axis  regime  by European insurance companies
29             immediately  prior  to  and  during  World  War  II;
30             provided, however,  this  subtraction  from  federal
31             adjusted  gross  income  does  not  apply  to assets
32             acquired with such assets or with the proceeds  from
33             the  sale  of  such  assets; provided, further, this
34             paragraph shall only apply to a taxpayer who was the
 
                            -21-               LRB9200807SMdv
 1             first recipient of such assets after their  recovery
 2             and  who  is  a victim of  persecution for racial or
 3             religious reasons by Nazi Germany or any other  Axis
 4             regime  or  as an heir of the victim.  The amount of
 5             and  the  eligibility  for  any  public  assistance,
 6             benefit, or similar entitlement is not  affected  by
 7             the   inclusion  of  items  (i)  and  (ii)  of  this
 8             paragraph in gross income  for  federal  income  tax
 9             purposes.   This   paragraph   is  exempt  from  the
10             provisions of Section 250.
11             (3)  Limitation.  The  amount  of  any  modification
12        otherwise  required  under  this  subsection shall, under
13        regulations prescribed by the Department, be adjusted  by
14        any  amounts  included  therein which were properly paid,
15        credited, or required to be distributed,  or  permanently
16        set  aside  for charitable purposes pursuant  to Internal
17        Revenue Code Section 642(c) during the taxable year.

18        (d)  Partnerships.
19             (1)  In general. In the case of a partnership,  base
20        income  means  an  amount equal to the taxpayer's taxable
21        income for the taxable year as modified by paragraph (2).
22             (2)  Modifications. The taxable income  referred  to
23        in  paragraph (1) shall be modified by adding thereto the
24        sum of the following amounts:
25                  (A)  An amount equal to  all  amounts  paid  or
26             accrued  to  the  taxpayer  as interest or dividends
27             during the taxable year to the extent excluded  from
28             gross income in the computation of taxable income;
29                  (B)  An  amount  equal  to  the  amount  of tax
30             imposed by this Act  to  the  extent  deducted  from
31             gross income for the taxable year;
32                  (C)  The  amount  of  deductions allowed to the
33             partnership pursuant  to  Section  707  (c)  of  the
34             Internal  Revenue  Code  in  calculating its taxable
 
                            -22-               LRB9200807SMdv
 1             income; and
 2                  (D)  An amount  equal  to  the  amount  of  the
 3             capital  gain deduction allowable under the Internal
 4             Revenue Code, to  the  extent  deducted  from  gross
 5             income in the computation of taxable income;
 6        and by deducting from the total so obtained the following
 7        amounts:
 8                  (E)  The valuation limitation amount;
 9                  (F)  An  amount  equal to the amount of any tax
10             imposed by  this  Act  which  was  refunded  to  the
11             taxpayer  and included in such total for the taxable
12             year;
13                  (G)  An amount equal to all amounts included in
14             taxable income as  modified  by  subparagraphs  (A),
15             (B),  (C)  and (D) which are exempt from taxation by
16             this State either  by  reason  of  its  statutes  or
17             Constitution  or  by  reason  of  the  Constitution,
18             treaties  or statutes of the United States; provided
19             that, in the case of any statute of this State  that
20             exempts   income   derived   from   bonds  or  other
21             obligations from the tax imposed under this Act, the
22             amount exempted shall be the interest  net  of  bond
23             premium amortization;
24                  (H)  Any   income   of  the  partnership  which
25             constitutes personal service income  as  defined  in
26             Section  1348  (b)  (1) of the Internal Revenue Code
27             (as in effect December 31,  1981)  or  a  reasonable
28             allowance  for  compensation  paid  or  accrued  for
29             services  rendered  by  partners to the partnership,
30             whichever is greater;
31                  (I)  An amount equal to all amounts  of  income
32             distributable  to  an entity subject to the Personal
33             Property  Tax  Replacement  Income  Tax  imposed  by
34             subsections (c) and (d) of Section 201 of  this  Act
 
                            -23-               LRB9200807SMdv
 1             including  amounts  distributable  to  organizations
 2             exempt  from federal income tax by reason of Section
 3             501(a) of the Internal Revenue Code;
 4                  (J)  With  the   exception   of   any   amounts
 5             subtracted  under  subparagraph (G), an amount equal
 6             to the sum of all amounts disallowed  as  deductions
 7             by  (i)  Sections  171(a)  (2),  and  265(2)  of the
 8             Internal Revenue Code of 1954, as now  or  hereafter
 9             amended,  and  all  amounts of expenses allocable to
10             interest and disallowed  as  deductions  by  Section
11             265(1)  of  the  Internal  Revenue  Code,  as now or
12             hereafter amended; and (ii) for taxable years ending
13             on or after August  13,  1999,  Sections  171(a)(2),
14             265,  280C,  and  832(b)(5)(B)(i)  of  the  Internal
15             Revenue  Code;  the  provisions of this subparagraph
16             are exempt from the provisions of Section 250;
17                  (K)  An  amount  equal   to   those   dividends
18             included   in  such  total  which  were  paid  by  a
19             corporation which conducts business operations in an
20             Enterprise Zone or zones created under the  Illinois
21             Enterprise  Zone  Act,  enacted  by the 82nd General
22             Assembly, and which does not conduct such operations
23             other than in an Enterprise Zone or Zones;
24                  (L)  An amount equal to any  contribution  made
25             to  a  job  training project established pursuant to
26             the   Real   Property   Tax   Increment   Allocation
27             Redevelopment Act;
28                  (M)  An  amount  equal   to   those   dividends
29             included   in   such  total  that  were  paid  by  a
30             corporation that conducts business operations  in  a
31             federally  designated Foreign Trade Zone or Sub-Zone
32             and  that  is  designated  a  High  Impact  Business
33             located  in  Illinois;   provided   that   dividends
34             eligible  for the deduction provided in subparagraph
 
                            -24-               LRB9200807SMdv
 1             (K) of paragraph (2) of this subsection shall not be
 2             eligible  for  the  deduction  provided  under  this
 3             subparagraph (M); and
 4                  (N)  An amount  equal  to  the  amount  of  the
 5             deduction  used  to  compute  the federal income tax
 6             credit for restoration of substantial  amounts  held
 7             under  claim  of right for the taxable year pursuant
 8             to Section 1341 of  the  Internal  Revenue  Code  of
 9             1986.

10        (e)  Gross income; adjusted gross income; taxable income.
11             (1)  In  general.   Subject  to  the  provisions  of
12        paragraph  (2)  and  subsection  (b) (3), for purposes of
13        this Section  and  Section  803(e),  a  taxpayer's  gross
14        income,  adjusted gross income, or taxable income for the
15        taxable year shall  mean  the  amount  of  gross  income,
16        adjusted   gross   income   or  taxable  income  properly
17        reportable  for  federal  income  tax  purposes  for  the
18        taxable year under the provisions of the Internal Revenue
19        Code. Taxable income may be less than zero. However,  for
20        taxable  years  ending on or after December 31, 1986, net
21        operating loss carryforwards from  taxable  years  ending
22        prior  to  December  31,  1986, may not exceed the sum of
23        federal taxable income for the taxable  year  before  net
24        operating  loss  deduction,  plus  the excess of addition
25        modifications  over  subtraction  modifications  for  the
26        taxable year.  For taxable years ending prior to December
27        31, 1986, taxable income may never be an amount in excess
28        of the net operating loss for the taxable year as defined
29        in subsections (c) and (d) of Section 172 of the Internal
30        Revenue Code, provided that  when  taxable  income  of  a
31        corporation  (other  than  a  Subchapter  S corporation),
32        trust,  or  estate  is  less  than  zero   and   addition
33        modifications,  other than those provided by subparagraph
34        (E) of paragraph (2) of subsection (b)  for  corporations
 
                            -25-               LRB9200807SMdv
 1        or  subparagraph  (E)  of paragraph (2) of subsection (c)
 2        for trusts and estates, exceed subtraction modifications,
 3        an  addition  modification  must  be  made  under   those
 4        subparagraphs  for  any  other  taxable year to which the
 5        taxable income less than zero  (net  operating  loss)  is
 6        applied under Section 172 of the Internal Revenue Code or
 7        under   subparagraph   (E)   of  paragraph  (2)  of  this
 8        subsection (e) applied in conjunction with Section 172 of
 9        the Internal Revenue Code.
10             (2)  Special rule.  For purposes of paragraph (1) of
11        this subsection, the taxable income  properly  reportable
12        for federal income tax purposes shall mean:
13                  (A)  Certain  life insurance companies.  In the
14             case of a life insurance company subject to the  tax
15             imposed by Section 801 of the Internal Revenue Code,
16             life  insurance  company  taxable  income,  plus the
17             amount of distribution  from  pre-1984  policyholder
18             surplus accounts as calculated under Section 815a of
19             the Internal Revenue Code;
20                  (B)  Certain other insurance companies.  In the
21             case  of  mutual  insurance companies subject to the
22             tax imposed by Section 831 of the  Internal  Revenue
23             Code, insurance company taxable income;
24                  (C)  Regulated  investment  companies.   In the
25             case of a regulated investment  company  subject  to
26             the  tax  imposed  by  Section  852  of the Internal
27             Revenue Code, investment company taxable income;
28                  (D)  Real estate  investment  trusts.   In  the
29             case  of  a  real estate investment trust subject to
30             the tax imposed  by  Section  857  of  the  Internal
31             Revenue  Code,  real estate investment trust taxable
32             income;
33                  (E)  Consolidated corporations.  In the case of
34             a corporation which is a  member  of  an  affiliated
 
                            -26-               LRB9200807SMdv
 1             group  of  corporations filing a consolidated income
 2             tax return for the taxable year for  federal  income
 3             tax  purposes,  taxable income determined as if such
 4             corporation had filed a separate return for  federal
 5             income  tax  purposes  for the taxable year and each
 6             preceding taxable year for which it was a member  of
 7             an   affiliated   group.   For   purposes   of  this
 8             subparagraph, the taxpayer's separate taxable income
 9             shall be determined as if the election  provided  by
10             Section  243(b) (2) of the Internal Revenue Code had
11             been in effect for all such years;
12                  (F)  Cooperatives.    In   the   case   of    a
13             cooperative  corporation or association, the taxable
14             income of such organization determined in accordance
15             with the provisions of Section 1381 through 1388  of
16             the Internal Revenue Code;
17                  (G)  Subchapter  S  corporations.   In the case
18             of: (i) a Subchapter S corporation for  which  there
19             is  in effect an election for the taxable year under
20             Section 1362  of  the  Internal  Revenue  Code,  the
21             taxable  income  of  such  corporation determined in
22             accordance with  Section  1363(b)  of  the  Internal
23             Revenue  Code, except that taxable income shall take
24             into account  those  items  which  are  required  by
25             Section  1363(b)(1)  of the Internal Revenue Code to
26             be  separately  stated;  and  (ii)  a  Subchapter  S
27             corporation for which there is in effect  a  federal
28             election  to  opt  out  of  the  provisions  of  the
29             Subchapter  S  Revision Act of 1982 and have applied
30             instead the prior federal Subchapter S rules  as  in
31             effect  on  July 1, 1982, the taxable income of such
32             corporation  determined  in  accordance   with   the
33             federal  Subchapter  S rules as in effect on July 1,
34             1982; and
 
                            -27-               LRB9200807SMdv
 1                  (H)  Partnerships.    In   the   case   of    a
 2             partnership, taxable income determined in accordance
 3             with  Section  703  of  the  Internal  Revenue Code,
 4             except that taxable income shall take  into  account
 5             those  items which are required by Section 703(a)(1)
 6             to be separately stated but  which  would  be  taken
 7             into  account  by  an  individual in calculating his
 8             taxable income.

 9        (f)  Valuation limitation amount.
10             (1)  In general.  The  valuation  limitation  amount
11        referred  to  in subsections (a) (2) (G), (c) (2) (I) and
12        (d)(2) (E) is an amount equal to:
13                  (A)  The  sum  of  the   pre-August   1,   1969
14             appreciation  amounts  (to  the extent consisting of
15             gain reportable under the provisions of Section 1245
16             or 1250  of  the  Internal  Revenue  Code)  for  all
17             property  in respect of which such gain was reported
18             for the taxable year; plus
19                  (B)  The  lesser  of  (i)  the   sum   of   the
20             pre-August  1,  1969  appreciation  amounts  (to the
21             extent consisting of capital gain) for all  property
22             in  respect  of  which  such  gain  was reported for
23             federal income tax purposes for the taxable year, or
24             (ii) the net capital  gain  for  the  taxable  year,
25             reduced  in  either  case by any amount of such gain
26             included in the amount determined  under  subsection
27             (a) (2) (F) or (c) (2) (H).
28             (2)  Pre-August 1, 1969 appreciation amount.
29                  (A)  If  the  fair  market  value  of  property
30             referred   to   in   paragraph   (1)   was   readily
31             ascertainable  on  August 1, 1969, the pre-August 1,
32             1969 appreciation amount for such  property  is  the
33             lesser  of  (i) the excess of such fair market value
34             over the taxpayer's basis (for determining gain) for
 
                            -28-               LRB9200807SMdv
 1             such property on that  date  (determined  under  the
 2             Internal Revenue Code as in effect on that date), or
 3             (ii)  the  total  gain  realized  and reportable for
 4             federal income tax purposes in respect of the  sale,
 5             exchange or other disposition of such property.
 6                  (B)  If  the  fair  market  value  of  property
 7             referred   to  in  paragraph  (1)  was  not  readily
 8             ascertainable on August 1, 1969, the  pre-August  1,
 9             1969  appreciation  amount for such property is that
10             amount which bears the same ratio to the total  gain
11             reported  in  respect  of  the  property for federal
12             income tax purposes for the  taxable  year,  as  the
13             number  of  full calendar months in that part of the
14             taxpayer's holding period for  the  property  ending
15             July  31,  1969 bears to the number of full calendar
16             months in the taxpayer's entire holding  period  for
17             the property.
18                  (C)  The   Department   shall   prescribe  such
19             regulations as may be necessary  to  carry  out  the
20             purposes of this paragraph.

21        (g)  Double  deductions.   Unless  specifically  provided
22    otherwise, nothing in this Section shall permit the same item
23    to be deducted more than once.

24        (h)  Legislative intention.  Except as expressly provided
25    by   this   Section   there  shall  be  no  modifications  or
26    limitations on the amounts of income, gain, loss or deduction
27    taken into account  in  determining  gross  income,  adjusted
28    gross  income  or  taxable  income  for  federal  income  tax
29    purposes for the taxable year, or in the amount of such items
30    entering  into  the computation of base income and net income
31    under this Act for such taxable year, whether in  respect  of
32    property values as of August 1, 1969 or otherwise.
33    (Source:  P.A.  90-491,  eff.  1-1-98;  90-717,  eff. 8-7-98;
 
                            -29-               LRB9200807SMdv
 1    90-770, eff. 8-14-98;  91-192,  eff.  7-20-99;  91-205,  eff.
 2    7-20-99;  91-357, eff. 7-29-99; 91-541, eff. 8-13-99; 91-676,
 3    eff. 12-23-99; 91-845, eff.  6-22-00;  91-913,  eff.  1-1-01;
 4    revised 10-24-00)

 5        Section  99.  Effective date.  This Act takes effect upon
 6    becoming law.

[ Top ]