[ Search ] [ PDF text ] [ Legislation ]
[ Home ] [ Back ] [ Bottom ]
92_HB0703 LRB9205332SMsb 1 AN ACT in relation to taxes. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Illinois Income Tax Act is amended by 5 changing Section 204 as follows: 6 (35 ILCS 5/204) (from Ch. 120, par. 2-204) 7 Sec. 204. Standard Exemption. 8 (a) Allowance of exemption. In computing net income 9 under this Act, there shall be allowed as an exemption the 10 sum of the amounts determined under subsections (b), (c) and 11 (d), multiplied by a fraction the numerator of which is the 12 amount of the taxpayer's base income allocable to this State 13 for the taxable year and the denominator of which is the 14 taxpayer's total base income for the taxable year. 15 (b) Basic amount. For the purpose of subsection (a) of 16 this Section, except as provided by subsection (a) of Section 17 205 and in this subsection, each taxpayer shall be allowed a 18 basic amount of $1000, except that for individuals the basic 19 amount shall be: 20 (1) for taxable years ending on or after December 21 31, 1998 and prior to December 31, 1999, $1,300; 22 (2) for taxable years ending on or after December 23 31, 1999 and prior to December 31, 2000, $1,650; 24 (3) for taxable years ending on or after December 25 31, 2000 and prior to December 31, 2001, $2,000; and 26 (4) for taxable years ending on or after December 27 31, 2001, $3,000. 28 For taxable years ending on or after December 31, 1992, a 29 taxpayer whose Illinois base income exceeds the basic amount 30 and who is claimed as a dependent on another person's tax 31 return under the Internal Revenue Code of 1986 shall not be -2- LRB9205332SMsb 1 allowed any basic amount under this subsection. 2 (c) Additional amount for individuals. In the case of an 3 individual taxpayer, there shall be allowed for the purpose 4 of subsection (a), in addition to the basic amount provided 5 by subsection (b), an additional exemption equal to the basic 6 amount for each exemption in excess of one allowable to such 7 individual taxpayer for the taxable year under Section 151 of 8 the Internal Revenue Code. 9 (d) Additional exemptions for an individual taxpayer and 10 his or her spouse. In the case of an individual taxpayer and 11 his or her spouse, he or she shall each be allowed additional 12 exemptions as follows: 13 (1) Additional exemption for taxpayer or spouse 65 14 years of age or older. 15 (A) For taxpayer. An additional exemption of 16 $1,000 for the taxpayer if he or she has attained 17 the age of 65 before the end of the taxable year. 18 (B) For spouse when a joint return is not 19 filed. An additional exemption of $1,000 for the 20 spouse of the taxpayer if a joint return is not made 21 by the taxpayer and his spouse, and if the spouse 22 has attained the age of 65 before the end of such 23 taxable year, and, for the calendar year in which 24 the taxable year of the taxpayer begins, has no 25 gross income and is not the dependent of another 26 taxpayer. 27 (2) Additional exemption for blindness of taxpayer 28 or spouse. 29 (A) For taxpayer. An additional exemption of 30 $1,000 for the taxpayer if he or she is blind at the 31 end of the taxable year. 32 (B) For spouse when a joint return is not 33 filed. An additional exemption of $1,000 for the 34 spouse of the taxpayer if a separate return is made -3- LRB9205332SMsb 1 by the taxpayer, and if the spouse is blind and, for 2 the calendar year in which the taxable year of the 3 taxpayer begins, has no gross income and is not the 4 dependent of another taxpayer. For purposes of this 5 paragraph, the determination of whether the spouse 6 is blind shall be made as of the end of the taxable 7 year of the taxpayer; except that if the spouse dies 8 during such taxable year such determination shall be 9 made as of the time of such death. 10 (C) Blindness defined. For purposes of this 11 subsection, an individual is blind only if his or 12 her central visual acuity does not exceed 20/200 in 13 the better eye with correcting lenses, or if his or 14 her visual acuity is greater than 20/200 but is 15 accompanied by a limitation in the fields of vision 16 such that the widest diameter of the visual fields 17 subtends an angle no greater than 20 degrees. 18 (e) Cross reference. See Article 3 for the manner of 19 determining base income allocable to this State. 20 (f) Application of Section 250. Section 250 does not 21 apply to the amendments to this Section made by Public Act 22 90-613 or this amendatory Act of the 92nd General Assembly. 23 (Source: P.A. 90-613, eff. 7-9-98; 91-357, eff. 7-29-99.) 24 Section 99. Effective date. This Act takes effect upon 25 becoming law.