Date	Chamber	Action
1/11/2005	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/203

from Ch. 120, par. 2-203

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides for an income tax deduction, for taxable years ending on or after December 31, 2003 and on or before December 30, 2013, 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.

	Fiscal Note (Illinois Department of Revenue)
	House Bill 240 will create an expected revenue loss to the State of Illinois of at least $135 million per tax year.

Actions 

Date	Chamber	Action
1/23/2003	House	Filed with the Clerk by Rep. Jack D. Franks
1/23/2003	House	First Reading
1/23/2003	House	Referred to Rules Committee
1/29/2003	House	Assigned to Revenue Committee
1/30/2003	House	Added Chief Co-Sponsor Rep. Harry Osterman
2/5/2003	House	Fiscal Note Filed
2/28/2003	House	Added Co-Sponsor Rep. Deborah L. Graham
3/13/2003	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2005	House	Session Sine Die

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