92nd General Assembly
Status of SB0052
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   35 ILCS 5/203             from Ch. 120, par. 2-203                          

        Amends the Illinois Income Tax Act.  Allows a deduction from           
   adjusted gross income, for taxable years ending on or after December        
   31, 2001, of any compensation paid to a resident in 2001 or thereafter      
   by reason of being a member of the Illinois National Guard (now, a          
   deduction is allowed for any compensation paid to a resident for            
   annual training performed pursuant to Sections 502 and 503, Title 32,       
   United States Code as a member of the Illinois National Guard).             
   Exempts the deduction from the Act's sunset requirements. Effective         
          FISCAL NOTE (Department of Revenue)                                  
          Based on the most recent statistics from the Department of           
          Military Affairs, the total additional amount of income that         
          may be deducted pursuant to SB 52 is estimated at $81.8              
          million, resulting in an estimated reduction in income tax           
          revenues of $2.5 million.                                            
   JAN-31-2001  S  FIRST READING                                                  
   JAN-31-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   FEB-01-2001  S       ASSIGNED TO COMMITTEE               REVENUE               
   MAR-22-2001  S       DO PASS                             008-000-000   SREV    
   MAR-22-2001  S  PLACED ON CALENDAR ORDER OF 2ND READING  01-03-27              
   MAR-28-2001  S  SECOND READING                                                 
   MAR-28-2001  S  PLACED ON CALENDAR ORDER OF 3RD READING  01-03-29              
   MAR-29-2001  S  ADDED AS A CHIEF CO-SPONSOR              WALSH,T               
   MAR-29-2001  S  THIRD READING - PASSED                   055-000-000           
   MAR-29-2001  H  ARRIVE IN HOUSE                                                
   MAR-29-2001  H  PLACED CALENDAR ORDER OF FIRST READING                         
   MAR-30-2001  H  HOUSE SPONSOR                            MCCARTHY              
   MAR-30-2001  H  FIRST READING                                                  
   MAR-30-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   APR-05-2001  H  ADDED AS A JOINT SPONSOR                 KOSEL                 
   APR-05-2001  H  ADDED AS A JOINT SPONSOR                 PARKE                 
   APR-06-2001  H       ASSIGNED TO COMMITTEE               REVENUE               
   APR-19-2001  H  ADDED AS A JOINT SPONSOR                 DAVIS,STEVE           
   APR-19-2001  H  ADDED AS A JOINT SPONSOR                 COWLISHAW             
   MAY-01-2001  H  ADDED AS AN ALTERNATE CO-SPONSOR         HOLBROOK              
   MAY-03-2001  H  DO PASS/SHORT DEBATE                     011-000-000   HREV    
   MAY-03-2001  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   MAY-08-2001  H  SECOND READING-SHORT DEBATE                                    
   MAY-08-2001  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   MAY-09-2001  H                         FISCAL NOTE FILED                       
   MAY-09-2001  H  CALENDAR ORDER 3RD READING-SHORT DEBATE                        
   MAY-10-2001  H  THIRD READING/SHORT DEBATE/PASSED        113-000-000           
   MAY-10-2001  S  PASSED BOTH HOUSES                                             
   JUN-08-2001  S  SENT TO THE GOVERNOR                                           
   AUG-03-2001  S  GOVERNOR APPROVED                                              
   AUG-03-2001  S                            EFFECTIVE DATE 01-08-03              
   AUG-03-2001  S  PUBLIC ACT.............................. 92-0244               


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