Senate Sponsors: CLAYBORNE. Short description: INC TAX-PERSONAL EXEMPT-ADJUST Synopsis of Bill as introduced: Amends the Illinois Income Tax Act. Provides that the Department of Revenue must increase the basic amount of the exemption to reflect the quotient of the total dollar amount for the preceding taxable year of tax credits, deductions, or exemptions for corporate taxpayers that were allowed due to laws that became effective during the second year preceding the taxable year divided by the number of taxpayers that were allowed the basic amount of the exemption under this subsection in the preceding taxable year. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status