90th General Assembly
Summary of HB3887
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House Sponsors:
SCHOENBERG.

Short description: 
INC TAX-ADDITIONAL EXEMPTION                                               

Synopsis of Bill as introduced:
        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.                         
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status