CURRIE. 35 ILCS 5/203 from Ch. 120, par. 2-203 Amends the Illinois Income Tax Act. For taxable years 1997 and thereafter, adds a deduction from corporate income taxes for an amount equal to all amounts of income distributable to an entity subject to the Personal Property Tax Replacement Income Tax including amounts distributable to organizations exempt from federal income tax under certain provisions of the Internal Revenue Code. Provides that a corporation which would have been eligible for a deduction from base income under these provisions for taxable years 1997, 1998, or 1999 may file a claim for a refund for those taxable years. Exempts the deduction from the sunset provisions. Effective immediately. 00-01-13 H FILED WITH CLERK 00-01-13 H FIRST READING 00-01-13 H REFERRED TO HOUSE RULES COMMITTEE RULES 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary