IL HB0293

Amends Section 250 of the Illinois Income Tax Act concerning sunset provisions for tax exemptions, credits, and deductions.

Makes a technical change by replacing "The" with "The" at the beginning of subsection (a) (corrects grammatical formatting).

Requires all tax exemptions, credits, and deductions enacted after the 1994 amendments to include a reasonable and appropriate sunset date.

Establishes a default sunset period of 5 years after the effective date of any new exemption, credit, or deduction that does not specify its own sunset date.

Extends by 5 years the sunset dates for any exemptions, credits, or deductions scheduled to expire in 2011, 2012, or 2013.