Illinois Compiled Statutes 35 Revenue: Article 2 - Tax Imposed

• Illinois Income Tax Act. - 35 ILCS 5, Section 201
  Tax Imposed. (a) In general. A tax measured by net income is hereby imposed on every individual, corporation, trust and estate for each taxable year...
• Illinois Income Tax Act. - 35 ILCS 5, Section 201.5
  State spending limitation and tax reduction. (a) If, beginning in State fiscal year 2012 and continuing through State fiscal year 2015, State spending for any...
• Illinois Income Tax Act. - 35 ILCS 5, Section 202
  Net Income Defined. In general. For purposes of this Act, a taxpayer's net income for a taxable year shall be that portion of his...
• Illinois Income Tax Act. - 35 ILCS 5, Section 202.3
  Net income attributable to the period prior to July 1, 1989 and net income attributable to the period after June 30, 1989. (a) In...
• Illinois Income Tax Act. - 35 ILCS 5, Section 202.4
  (Repealed). (Source: Repealed by P.A. 88-89.)
• Illinois Income Tax Act. - 35 ILCS 5, Section 202.5
  Net income attributable to the period beginning prior to January 1 of any year and ending after December 31 of the preceding year. (a) In...
• Illinois Income Tax Act. - 35 ILCS 5, Section 203
  Base income defined. (a) Individuals. (1) In general. In the case of an individual, base income means an amount equal to the taxpayer's adjusted gross...
• Illinois Income Tax Act. - 35 ILCS 5, Section 204
  Standard Exemption. (a) Allowance of exemption. In computing net income under this Act, there shall be allowed as an exemption the sum of the amounts...
• Illinois Income Tax Act. - 35 ILCS 5, Section 205
  Exempt organizations. (a) Charitable, etc. organizations. The base income of an organization which is exempt from the federal income tax by reason of the Internal...
• Illinois Income Tax Act. - 35 ILCS 5, Section 206
  Tax credits for coal research and coal utilization equipment. (a) Until January 1, 2005, each corporation subject to this Act shall be entitled to...
• Illinois Income Tax Act. - 35 ILCS 5, Section 207
  Net Losses. (a) If after applying all of the (i) modifications provided for in paragraph (2) of Section 203(b), paragraph (2) of Section 203(c) and...
• Illinois Income Tax Act. - 35 ILCS 5, Section 208
  Tax credit for residential real property taxes. Beginning with tax years ending on or after December 31, 1991, every individual taxpayer shall be entitled...
• Illinois Income Tax Act. - 35 ILCS 5, Section 208.1
  Homeowners' Tax Relief rebate. (a) The Department shall pay a rebate to taxpayers in the amount of the Illinois income tax credit allowed under...
• Illinois Income Tax Act. - 35 ILCS 5, Section 209
  Tax Credit for "TECH-PREP" youth vocational programs. (a) Beginning with tax years ending on or after June 30, 1995, every taxpayer who is primarily...
• Illinois Income Tax Act. - 35 ILCS 5, Section 210
  Dependent care assistance program tax credit. (a) Beginning with tax years ending on or after June 30, 1995, each taxpayer who is primarily engaged...
• Illinois Income Tax Act. - 35 ILCS 5, Section 210.5
  Tax credit for employee child care. (a) Each corporate taxpayer is entitled to a credit against the tax imposed by subsections (a) and (b) of...
• Illinois Income Tax Act. - 35 ILCS 5, Section 211
  Economic Development for a Growing Economy Tax Credit. For tax years beginning on or after January 1, 1999, a Taxpayer who has entered into an...
• Illinois Income Tax Act. - 35 ILCS 5, Section 212
  Earned income tax credit. (a) With respect to the federal earned income tax credit allowed for the taxable year under Section 32 of the federal...
• Illinois Income Tax Act. - 35 ILCS 5, Section 213
  Film production services credit. For tax years beginning on or after January 1, 2004, a taxpayer who has been awarded a tax credit under the...
• Illinois Income Tax Act. - 35 ILCS 5, Section 214
  Tax credit for affordable housing donations. (a) Beginning with taxable years ending on or after December 31, 2001 and until the taxable year ending on...
• Illinois Income Tax Act. - 35 ILCS 5, Section 215
  (Repealed). (Source: P.A. 93-23, eff. 6-20-03. Repealed by P.A. 93-1033, eff. 9-3-04.)
• Illinois Income Tax Act. - 35 ILCS 5, Section 216
  Credit for wages paid to ex-felons. (a) For each taxable year beginning on or after January 1, 2007, each taxpayer is entitled to a credit...
• Illinois Income Tax Act. - 35 ILCS 5, Section 217
  Credit for wages paid to qualified veterans. (a) For each taxable year beginning on or after January 1, 2007 and ending on or before December...
• Illinois Income Tax Act. - 35 ILCS 5, Section 217.1
  Credit for wages paid to qualified unemployed veterans. (a) For each taxable year ending on or after December 31, 2012 and on or before December...
• Illinois Income Tax Act. - 35 ILCS 5, Section 218
  Credit for student-assistance contributions. (a) For taxable years ending on or after December 31, 2009 and on or before December 30, 2020, each taxpayer who,...
• Illinois Income Tax Act. - 35 ILCS 5, Section 219
  Historic preservation credit. For tax years beginning on or after January 1, 2010 and ending on or before December 31, 2015, a taxpayer who qualifies...
• Illinois Income Tax Act. - 35 ILCS 5, Section 220
  Angel investment credit. (a) As used in this Section: "Applicant" means a corporation, partnership, limited liability company, or a natural person that makes an investment...
• Illinois Income Tax Act. - 35 ILCS 5, Section 221
  Rehabilitation costs; qualified historic properties; River Edge Redevelopment Zone. (a) For taxable years beginning on or after January 1, 2012 and ending prior to January...
• Illinois Income Tax Act. - 35 ILCS 5, Section 222
  Live theater production credit. (a) For tax years beginning on or after January 1, 2012, a taxpayer who has received a tax credit award under...
• Illinois Income Tax Act. - 35 ILCS 5, Section 223
  Hospital credit. (a) For tax years ending on or after December 31, 2012, a taxpayer that is the owner of a hospital licensed under the...
• Illinois Income Tax Act. - 35 ILCS 5, Section 245
  The Do-It-Yourself School Funding Law. On any original return for a taxable year ending on or after December 31, 1998 and prior to December...
• Illinois Income Tax Act. - 35 ILCS 5, Section 250
  Sunset of exemptions, credits, and deductions. (a) The application of every exemption, credit, and deduction against tax imposed by this Act that becomes law after...

Last modified: February 18, 2015