State of Illinois
92nd General Assembly
Legislation

   [ 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.

[ Top ]