97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SB0130

 

Introduced 1/27/2011, by Sen. Martin A. Sandoval

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 5/204  from Ch. 120, par. 2-204

    Amends the Illinois Income Tax Act. For taxable years beginning on or after January 1, 2012, increases the amount of the standard exemption to $4,000. Effective immediately.


LRB097 06243 HLH 46318 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB0130LRB097 06243 HLH 46318 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Income Tax Act is amended by
5changing Section 204 as follows:
 
6    (35 ILCS 5/204)  (from Ch. 120, par. 2-204)
7    Sec. 204. Standard Exemption.
8    (a) Allowance of exemption. In computing net income under
9this Act, there shall be allowed as an exemption the sum of the
10amounts determined under subsections (b), (c) and (d),
11multiplied by a fraction the numerator of which is the amount
12of the taxpayer's base income allocable to this State for the
13taxable year and the denominator of which is the taxpayer's
14total base income for the taxable year.
15    (b) Basic amount. For the purpose of subsection (a) of this
16Section, except as provided by subsection (a) of Section 205
17and in this subsection, each taxpayer shall be allowed a basic
18amount of $1000, except that for corporations the basic amount
19shall be zero for tax years ending on or after December 31,
202003, and for individuals the basic amount shall be:
21        (1) for taxable years ending on or after December 31,
22    1998 and prior to December 31, 1999, $1,300;
23        (2) for taxable years ending on or after December 31,

 

 

SB0130- 2 -LRB097 06243 HLH 46318 b

1    1999 and prior to December 31, 2000, $1,650;
2        (3) for taxable years ending on or after December 31,
3    2000 and prior to December 31, 2012, $2,000; .
4        (4) for taxable years ending on or after December 31,
5    2012, $4,000.
6For taxable years ending on or after December 31, 1992, a
7taxpayer whose Illinois base income exceeds the basic amount
8and who is claimed as a dependent on another person's tax
9return under the Internal Revenue Code of 1986 shall not be
10allowed any basic amount under this subsection.
11    (c) Additional amount for individuals. In the case of an
12individual taxpayer, there shall be allowed for the purpose of
13subsection (a), in addition to the basic amount provided by
14subsection (b), an additional exemption equal to the basic
15amount for each exemption in excess of one allowable to such
16individual taxpayer for the taxable year under Section 151 of
17the Internal Revenue Code.
18    (d) Additional exemptions for an individual taxpayer and
19his or her spouse. In the case of an individual taxpayer and
20his or her spouse, he or she shall each be allowed additional
21exemptions as follows:
22        (1) Additional exemption for taxpayer or spouse 65
23    years of age or older.
24            (A) For taxpayer. An additional exemption of
25        $1,000 for the taxpayer if he or she has attained the
26        age of 65 before the end of the taxable year.

 

 

SB0130- 3 -LRB097 06243 HLH 46318 b

1            (B) For spouse when a joint return is not filed. An
2        additional exemption of $1,000 for the spouse of the
3        taxpayer if a joint return is not made by the taxpayer
4        and his spouse, and if the spouse has attained the age
5        of 65 before the end of such taxable year, and, for the
6        calendar year in which the taxable year of the taxpayer
7        begins, has no gross income and is not the dependent of
8        another taxpayer.
9        (2) Additional exemption for blindness of taxpayer or
10    spouse.
11            (A) For taxpayer. An additional exemption of
12        $1,000 for the taxpayer if he or she is blind at the
13        end of the taxable year.
14            (B) For spouse when a joint return is not filed. An
15        additional exemption of $1,000 for the spouse of the
16        taxpayer if a separate return is made by the taxpayer,
17        and if the spouse is blind and, for the calendar year
18        in which the taxable year of the taxpayer begins, has
19        no gross income and is not the dependent of another
20        taxpayer. For purposes of this paragraph, the
21        determination of whether the spouse is blind shall be
22        made as of the end of the taxable year of the taxpayer;
23        except that if the spouse dies during such taxable year
24        such determination shall be made as of the time of such
25        death.
26            (C) Blindness defined. For purposes of this

 

 

SB0130- 4 -LRB097 06243 HLH 46318 b

1        subsection, an individual is blind only if his or her
2        central visual acuity does not exceed 20/200 in the
3        better eye with correcting lenses, or if his or her
4        visual acuity is greater than 20/200 but is accompanied
5        by a limitation in the fields of vision such that the
6        widest diameter of the visual fields subtends an angle
7        no greater than 20 degrees.
8    (e) Cross reference. See Article 3 for the manner of
9determining base income allocable to this State.
10    (f) Application of Section 250. Section 250 does not apply
11to the amendments to this Section made by Public Act 90-613.
12(Source: P.A. 93-29, eff. 6-20-03.)
 
13    Section 99. Effective date. This Act takes effect upon
14becoming law.