91st General Assembly
Summary of SB0314
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Senate Sponsors:

Short description: 
INC TX-DEDUCT-CORP-PHONE TOWER                                             

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax  Act.   Creates  a  deduction  for      
   corporations  in  an  amount  equal  to  25%  of  the original cost of      
   construction and installation of any cellular tower or  like  facility      
   for    which    an   agreement   to   jointly   share   with   another      
   telecommunications carrier has been entered into or otherwise  renewed      
   or  extended  after  January  1,  1998. Provides that the deduction is      
   available in tax years beginning on  or  after  January  1,  1999  and      
   ending on or before December 30, 2004.                                      
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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