Illinois General Assembly - Bill Status for HB5906
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 Bill Status of HB5906  93rd General Assembly


Short Description:  INC TAX-LONG-TRM CARE INSURNCE

House Sponsors
Rep. John E. Bradley - Lisa M. Dugan - William J. Grunloh

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

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


Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, for 5 taxable years, each individual taxpayer is entitled to an income tax credit in the amount of 50% of the amount spent by the taxpayer in the taxable year for long-term care insurance premiums. Provides that the tax credit may not reduce the taxpayer's liability to less than zero but may be carried forward for 5 taxable years. Effective immediately.

Actions 
DateChamber Action
  2/6/2004HouseFiled with the Clerk by Rep. John E. Bradley
  2/6/2004HouseFirst Reading
  2/6/2004HouseReferred to Rules Committee
  3/23/2004HouseAdded Chief Co-Sponsor Rep. Lisa M. Dugan
  3/23/2004HouseAdded Chief Co-Sponsor Rep. William J. Grunloh
  1/11/2005HouseSession Sine Die

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