Illinois General Assembly - Bill Status for SB2339

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Bill Status of SB2339 96th General Assembly

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Short Description: INC TAX-DEDUCT LAND DONATIONS

Senate Sponsors
Sen. Chris Lauzen

Last Action

Date	Chamber	Action
1/12/2011	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/203

from Ch. 120, par. 2-203

Synopsis As Introduced
Amends the Illinois Income Tax Act. Allows individuals to deduct an amount equal to the value of real estate donated during the taxable year to an entity exempt from federal taxation under Section 501(c) of the Internal Revenue Code. Requires the taxpayer to file with his or her return an appraisal substantiating the deduction that meets the requirements for appraisals acceptable to the Internal Revenue Service to substantiate the value of real estate for federal income tax purposes. Effective immediately.

Actions

Date	Chamber	Action
2/20/2009	Senate	Filed with Secretary by Sen. Chris Lauzen
2/20/2009	Senate	First Reading
2/20/2009	Senate	Referred to Assignments
3/4/2009	Senate	Assigned to Revenue
3/12/2009	Senate	To Revenue Subcommittee on Special Issues
3/13/2009	Senate	Rule 3-9(a) / Re-referred to Assignments
1/12/2011	Senate	Session Sine Die

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