CLAYBORNE. 35 ILCS 5/204 from Ch. 120, par. 2-204 Amends the Illinois Income Tax Act. Provides that the Department of Revenue must increase the basic amount of the exemption to reflect the quotient of the total dollar amount for the preceding taxable year of tax credits, deductions, or exemptions for corporate taxpayers that were allowed due to laws that became effective during the second year preceding the taxable year divided by the number of taxpayers that were allowed the basic amount of the exemption under this subsection in the preceding taxable year. 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