INC TX-TSUNAMI DONATIONS

Amends the Illinois Income Tax Act. Creates, for taxable years 2004 and 2005, an income tax deduction for individuals for cash contributions made by the taxpayer for the relief of victims in areas affected by the December 26, 2004 Indian Ocean tsunami. Provides that, at the election of the taxpayer, a cash contribution for tsunami relief made in January of 2005 may be treated as if the contribution were made on December 31, 2004. Effective immediately.