CLAYBORNE. 35 ILCS 5/203 from Ch. 120, par. 2-203 Amends the Illinois Income Tax Act. Provides that for taxable years beginning on or after January 1, 1998 and ending on or before December 30, 2003, 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. 98-01-29 S FIRST READING 98-01-29 S REFERRED TO SENATE RULES COMMITTEE RULES 99-01-12 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary