HB2882 97TH GENERAL ASSEMBLY

LRB097 06800 HLH 46891 b

97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB2882

Introduced 2/22/2011, by Rep. Thaddeus Jones

SYNOPSIS AS INTRODUCED:

35 ILCS 5/502.2 new

Amends the Illinois Income Tax Act. Provides that the Department must print on its standard individual income tax form a provision that conspicuously identifies each exemption, credit, or deduction under the Act that is available to a taxpayer who is 65 years of age or older on the basis of his or her age. Effective immediately.

A BILL FOR

AN ACT concerning revenue.

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

Section 5. The Illinois Income Tax Act is amended by adding Section 502.2 as follows:

(35 ILCS 5/502.2 new)

Sec. 502.2. Senior exemptions, credits, and deductions. For tax years beginning on or after January 1, 2011, the Department must print on its standard individual income tax form a provision that conspicuously identifies each exemption, credit, or deduction under this Act that is available to a taxpayer who is 65 years of age or older on the basis of his or her age. The provision must allow the taxpayer or his or her authorized agent to check a box to assert the exemption or deduction and insert any appropriate value. The Department may adopt rules to enforce this Section.

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