GroundRules
35 ILCS 5/202: Net Income Defined.
Where this section sits in the code
- CHAPTER 35 REVENUE
- Illinois Income Tax Act.
In general. For purposes of this Act, a taxpayer's net income for a taxable year shall be that portion of his base income for such year which is allocable to this State under the provisions of Article 3, less the standard exemption allowed by Section 204 and the deduction allowed by Section 207.
Collected 2026-09-15T04:46:19Z. Source file · JSON