Bill Title: Amends the Illinois Income Tax Act. Allows individuals to deduct an amount equal to the value of real estate donated during the taxable year to an entity exempt from federal taxation under Section 501(c) of the Internal Revenue Code. Requires the taxpayer to file with his or her return an appraisal substantiating the deduction that meets the requirements for appraisals acceptable to the Internal Revenue Service to substantiate the value of real estate for federal income tax purposes. Effective immediately.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2009-03-13 - Rule 3-9(a) / Re-referred to Assignments [SB2339 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	Not Avail	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB2339

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB2339 currently on file.