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| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB2882 Introduced 2/22/2011, by Rep. Thaddeus Jones SYNOPSIS AS INTRODUCED:
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Amends the Illinois Income Tax Act. Provides that the Department must print on its standard individual income tax form a provision that conspicuously identifies each exemption, credit, or deduction under the Act that is available to a taxpayer who is 65 years of age or older on the basis of his or her age. Effective immediately.
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| | A BILL FOR |
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| | HB2882 | | LRB097 06800 HLH 46891 b |
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| 1 | | AN ACT concerning revenue.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Income Tax Act is amended by adding |
| 5 | | Section 502.2 as follows:
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| 6 | | (35 ILCS 5/502.2 new) |
| 7 | | Sec. 502.2. Senior exemptions, credits, and deductions. |
| 8 | | For tax years beginning on or after January 1, 2011, the |
| 9 | | Department must print on its standard individual income tax |
| 10 | | form a provision that conspicuously identifies each exemption, |
| 11 | | credit, or deduction under this Act that is available to a |
| 12 | | taxpayer who is 65 years of age or older on the basis of his or |
| 13 | | her age. The provision must allow the taxpayer or his or her |
| 14 | | authorized agent to check a box to assert the exemption or |
| 15 | | deduction and insert any appropriate value. The Department may |
| 16 | | adopt rules to enforce this Section.
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| 17 | | Section 99. Effective date. This Act takes effect upon |
| 18 | | becoming law.
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