SCHOENBERG. 35 ILCS 5/204 from Ch. 120, par. 2-204 35 ILCS 5/702 from Ch. 120, par. 7-702 35 ILCS 5/703 from Ch. 120, par. 7-703 Amends the Illinois Income Tax Act. Increases the basic amount standard exemption for individuals from $1,000 to $1,200 in 1998, $1,400 in 1999, $1,600 in 2000, $1,800 in 2001, and $2,000 in 2002 and thereafter. Provides that a taxpayer whose Illinois base income exceeds $1,200 in 1998, $1,400 in 1999, $1,600 in 2000, $1,800 in 2001, and $2,000 in 2002 and thereafter (now $1,000) and who is claimed as a dependent on another person's return shall not be allowed the standard exemption. Increases the additional exemption an individual taxpayer may claim for each dependent from $1,000 to $1,200 in 1998, $1,400 in 1999, $1,600 in 2000, $1,800 in 2001, and $2,000 in 2002 and thereafter. Adjusts the withholding provisions beginning with the fourth quarter of 1998. Exempts the additional exemptions from the sunset provisions. Effective immediately. 98-05-18 H FILED WITH CLERK 98-05-18 H FIRST READING 98-05-18 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary