92nd General Assembly
Status of HB4006
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WRIGHT.

   35 ILCS 5/203             from Ch. 120, par. 2-203                          

        Amends the Illinois Income Tax Act. Provides for a deduction from      
   adjusted gross income of  $1,000  per  child  or  the  amount  of  the      
   individual  taxpayer's adjusted gross income, whichever is less, for a      
   married couple filing a  joint  return  who  have  a  minor  child  or      
   children, if one parent is a full-time stay-at-home parent responsible      
   for  the  care of the children. Provides that a deduction in excess of      
   the taxpayer's adjusted gross income may not  be  carried  forward  or      
   back  and exempts the deduction from the sunset provisions of the Act.      
   Effective immediately.                                                      
   JAN-29-2002  H  FILED WITH CLERK                                               
   JAN-29-2002  H  FIRST READING                                                  
   JAN-29-2002  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   JAN-07-2003  H  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary