91st General Assembly
Summary of SB0343
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Senate Sponsors:

Short description: 
INC TX-DEDUCT-SCHOOLS                                                      

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act.  Provides  that  for  taxable      
   years  beginning  on  or after January 1, 1999 and ending on or before      
   December 30, 2004, an income tax deduction not to exceed  $100,000  is      
   available  to  individuals, corporations, and trusts and estates in an      
   amount equal to the amount contributed for educational purposes by the      
   taxpayer  to  any  public  or  private   elementary,   secondary,   or      
   post-secondary  school  in  Illinois  or to any foundation established      
   under Section 501(c)(3) of the Internal Revenue Code to  raise  moneys      
   for  any public or private elementary or secondary school in Illinois,      
   as certified by the recipient school.                                       
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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