92nd General Assembly
Status of SB2229
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Summary

   35 ILCS 5/803             from Ch. 120, par. 8-803                          

        Amends the Illinois Income Tax Act.  Provides  that  farmers  who      
   had  gross  farming  income that was at least 2/3 of their total gross      
   income for the  preceding  taxable  year  are  not  required  to  make      
   estimated tax payments for the next taxable year.  (Current law, which      
   is  not  changed,  exempts  farmers from paying estimated tax if their      
   gross income from farming for the taxable year in question is at least      
   2/3 of their total estimated gross income for  that  year.)  Effective      
   FEB-07-2002  S  FIRST READING                                                  
   FEB-07-2002  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   JAN-07-2003  S  SESSION SINE DIE                                               


 Full Text  Bill Summary