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IL SB1956

Bill

Official Source

Status

Failed

1/9/2019

Primary Sponsor

John Cullerton

Click for details

Origin

Senate

100th General Assembly

AI Summary

  • Amends Section 250 of the Illinois Income Tax Act concerning the sunset of exemptions, credits, and deductions
  • Makes a technical change to the language in subsection (a) by underlining "The" at the beginning of the section
  • Applies to all tax exemptions, credits, and deductions that become law after the effective date of the 1994 amendatory act
  • Requires a reasonable and appropriate sunset date for new exemptions, credits, and deductions; if not specified, they automatically expire 5 years after the Public Act becomes effective
  • Extends the sunset date by 5 years for any exemptions, credits, or deductions scheduled to expire in 2011, 2012, or 2013

Legislative Description

REVENUE-TECH

Last Action

Session Sine Die

1/9/2019

Committee Referrals

Assignments2/10/2017

Full Bill Text

No bill text available