92nd General Assembly Summary of HB4332    [ Home ]   [ Back ]   [ Legislation ]

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House Sponsors:
FRANKS.

Short description: 
INCOME TAX-TEACHER DEDUCT $30K                                             

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act. Provides for  an  income  tax      
   deduction,  for taxable years ending on or after December 31, 2002 and      
   on or before December 30, 2012, for individual taxpayers in the amount      
   of $30,000, if the income was earned by a teacher  while  teaching  at      
   the   elementary   or   secondary   level  during  the  taxable  year.      
   Administrators  are  not  eligible  for   the   deduction.   Effective      
   immediately.                                                                
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 


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