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<xml>
<title>Illinois General Assembly - Bill Status for SB 294    </title>
<shortdesc>INC TX-TOLL EXPENSE DEDUCTION</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Chris Lauzen, Peter J. Roskam and Kirk W. Dillard</sponsors>
</sponsor>
<lastaction>
<statusdate>1/9/2007</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/203</reference><aliasreference>from Ch. 120, par. 2-203</aliasreference><reference>605 ILCS 10/23.5 new</reference><aliasreference></aliasreference><SynopsisText>Amends the Illinois Income Tax Act. Allows income tax deductions, for taxable years ending on or after December 31, 2005, for (i) amounts equal to the aggregate amount of all tolls documented as being paid during the taxable year that are collected under the Toll Highway Act and (ii) amounts equal to any amount paid during the taxable year to purchase, lease, or otherwise obtain a transponder or other electronic equipment for the electronic payment of tolls that are collected under the Toll Highway Act. Amends the Toll Highway Act. Requires the Illinois State Toll Highway Authority to send, no later than January 31 of each year, a written report to each person in the State who has paid a toll during the previous calendar year through the use of a transponder or other electronic equipment. Provides that the report must set forth all payments by the person through the use of the transponder or other electronic equipment. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/3/2005</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Chris Lauzen</action>
<statusdate>2/3/2005</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/3/2005</statusdate><chamber>Senate</chamber><action>Referred to Rules</action>
<statusdate>2/8/2005</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Peter J. Roskam</action>
<statusdate>2/17/2005</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Kirk W. Dillard</action>
<statusdate>1/9/2007</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

