91st General Assembly
Status of SB0864
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 Full Text  Bill Summary

   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                                               


 Full Text  Bill Summary