Bill Status of SB 294   94th General Assembly


Short Description:  INC TX-TOLL EXPENSE DEDUCTION

Senate Sponsors
Sen. Chris Lauzen, Peter J. Roskam and Kirk W. Dillard

Last Action  View All Actions

DateChamber Action
  1/9/2007SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/203from Ch. 120, par. 2-203
605 ILCS 10/23.5 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Allows income tax deductions, for taxable years ending on or after December 31, 2005, for (i) amounts equal to the aggregate amount of all tolls documented as being paid during the taxable year that are collected under the Toll Highway Act and (ii) amounts equal to any amount paid during the taxable year to purchase, lease, or otherwise obtain a transponder or other electronic equipment for the electronic payment of tolls that are collected under the Toll Highway Act. Amends the Toll Highway Act. Requires the Illinois State Toll Highway Authority to send, no later than January 31 of each year, a written report to each person in the State who has paid a toll during the previous calendar year through the use of a transponder or other electronic equipment. Provides that the report must set forth all payments by the person through the use of the transponder or other electronic equipment. Effective immediately.

Actions 
DateChamber Action
  2/3/2005SenateFiled with Secretary by Sen. Chris Lauzen
  2/3/2005SenateFirst Reading
  2/3/2005SenateReferred to Rules
  2/8/2005SenateAdded as Co-Sponsor Sen. Peter J. Roskam
  2/17/2005SenateAdded as Co-Sponsor Sen. Kirk W. Dillard
  1/9/2007SenateSession Sine Die

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