91st General Assembly
Status of SB0862
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BERMAN.

   35 ILCS 5/204             from Ch. 120, par. 2-204                          

        Amends the Illinois Income Tax Act.  Provides that  the  standard      
   exemption  basic  amount  for  individuals,  the additional amount for      
   individuals, and the amounts of the additional exemptions allowed if a      
   taxpayer or a taxpayer's spouse is 65 years of age or older  or  blind      
   shall  be  subject  to  annual  adjustments equal to the percentage of      
   increase in the previous calendar year in  the  Consumer  Price  Index      
   published  by  the  United  States  Department of Labor or a successor      
   index adopted by the  Department  of  Revenue  by  rule.  Exempts  the      
   additional  amounts  from  the sunset provisions of the Act. Effective      
   immediately.                                                                
   99-02-24  S  FIRST READING                                                  
   99-02-24  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   99-02-25  S       ASSIGNED TO COMMITTEE               REVENUE               
   99-03-11  S       TO SUBCOMMITTEE                                           
   99-03-11  S                   COMMITTEE               REVENUE               
   99-03-20  S  RE-REFERRED TO RULES COMM/RULE 3-9(A)    RULES                 
   01-01-09  S  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary