92nd General Assembly
Summary of HB6037
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House Sponsors:
BRADY.

Short description: 
INC TAX-EXMPT DONATD LEAVE PAY                                             

Synopsis of Bill as introduced:
        Amends the Illinois  Income  Tax  Act.  Allows  a  deduction  for      
   individuals  from base income in an amount equal to all or part of the      
   lump sum  payment  a  retiring  Illinois  public  university  employee      
   received  in  the taxable year upon withdrawal from service as payment      
   for the employee's unused sick leave,  personal  leave,  and  vacation      
   time  to  the  extent the employee donated all or part of the lump sum      
   payment in the taxable year to an Illinois public university.  Exempts      
   the  deduction  from  the  sunset  provisions  of  the  Act. 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 



 Full Text  Bill Status