House Sponsors: MOORE,ANDREA. Short description: INC TX-BASE INC-ADJUSTMENT Synopsis of Bill as introduced: Amends the Illinois Income Tax Act. Provides that, for purposes of determining the base income of a corporation, the amount of a taxpayer's adjustment under Section 832(b)(5)(B)(i) of the Internal Revenue Code shall not be treated as an amount of interest excluded from gross income in the computation of taxable income. Exempts the new provisions from sunset requirements. Effective January 1, 2000. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status