House Sponsors: MULLIGAN-TENHOUSE-COULSON. Short description: INC TAX-LONG TERM GAINS DEDUCT Synopsis of Bill as introduced: Amends the Illinois Income Tax Act to provide a deduction in taxable year 1999 for individuals in an amount equal to 50% of the taxpayer's long-term capital gains. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status