INCOME TAX-TEACHER DEDUCT $30K House SponsorsRep. Jack D. Franks-Harry Osterman and Deborah L. Graham 1/11/2005HouseSession Sine Die 35 ILCS 5/203from Ch. 120, par. 2-203 Amends the Illinois Income Tax Act. Provides for an income tax deduction, for taxable years ending on or after December 31, 2003 and on or before December 30, 2013, for individual taxpayers in the amount of $30,000, if the income was earned by a teacher while teaching at the elementary or secondary level during the taxable year. Administrators are not eligible for the deduction. Effective immediately.Fiscal Note (Illinois Department of Revenue) House Bill 240 will create an expected revenue loss to the State of Illinois of at least $135 million per tax year. 1/23/2003HouseFiled with the Clerk by Rep. Jack D. Franks 1/23/2003HouseFirst Reading 1/23/2003HouseReferred to Rules Committee 1/29/2003HouseAssigned to Revenue Committee 1/30/2003HouseAdded Chief Co-Sponsor Rep. Harry Osterman 2/5/2003HouseFiscal Note Filed 2/28/2003HouseAdded Co-Sponsor Rep. Deborah L. Graham 3/13/2003HouseRule 19(a) / Re-referred to Rules Committee 1/11/2005HouseSession Sine Die