Illinois General Assembly - Bill Status for SB2811
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 Bill Status of SB2811  93rd General Assembly


Short Description:  INC TAX-HEALTH INSURANCE-CRDT

Senate Sponsors
Sen. Edward D. Maloney

Last Action
DateChamber Action
  1/11/2005SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/216 new


Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, for 5 taxable years, each taxpayer is entitled to an income tax credit in the amount of 5% of the amount spent by the taxpayer in the taxable year for health insurance premiums for the taxpayer, the taxpayer's spouse, and dependents of the taxpayer. Provides that the tax credit may not reduce the taxpayer's liability to less than zero and may not be carried forward or back. Effective July 1, 2004.

Actions 
DateChamber Action
  2/5/2004SenateFiled with Secretary by Sen. Edward D. Maloney
  2/5/2004SenateFirst Reading
  2/5/2004SenateReferred to Rules
  1/11/2005SenateSession Sine Die

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