92nd General Assembly
Summary of SB2229
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Senate Sponsors:
SIEBEN.

Short description: 
INCOME TAX-FARMERS-EST PAYMNTS                                             

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act.  Provides  that  farmers  who      
   had  gross  farming  income that was at least 2/3 of their total gross      
   income for the  preceding  taxable  year  are  not  required  to  make      
   estimated tax payments for the next taxable year.  (Current law, which      
   is  not  changed,  exempts  farmers from paying estimated tax if their      
   gross income from farming for the taxable year in question is at least      
   2/3 of their total estimated gross income for  that  year.)  Effective      
   immediately.                                                                
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: Senate

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


   END OF INQUIRY 



 Full Text  Bill Status