Illinois General Assembly - Bill Status for SB3014

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Bill Status of SB3014 94th General Assembly

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Short Description: MED SVGS ACCT-TAX CREDIT

Senate Sponsors
Sen. Dale A. Righter - Christine Radogno - Kirk W. Dillard - Peter J. Roskam - Adeline Jay Geo-Karis and Pamela J. Althoff

Last Action

Date	Chamber	Action
1/9/2007	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/216 new

820 ILCS 153/5

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that a taxpayer providing health insurance and a medical care savings account to its employees shall receive a tax credit of up to $1,000 per employee. Provides that an employer that establishes a medical care savings account after the effective date of the amendatory Act shall receive a tax credit of up to $1,200 per employee for the first year and $1,000 thereafter. Amends the Medical Care Savings Account Act of 2000 to permit employees to make contributions to medical care savings accounts. Effective immediately.

Actions

Date	Chamber	Action
1/20/2006	Senate	Filed with Secretary by Sen. Dale A. Righter
1/20/2006	Senate	Chief Co-Sponsor Sen. Christine Radogno
1/20/2006	Senate	Chief Co-Sponsor Sen. Kirk W. Dillard
1/20/2006	Senate	Chief Co-Sponsor Sen. Peter J. Roskam
1/20/2006	Senate	Chief Co-Sponsor Sen. Adeline Jay Geo-Karis
1/20/2006	Senate	First Reading
1/20/2006	Senate	Referred to Rules
1/31/2006	Senate	Added as Co-Sponsor Sen. Pamela J. Althoff
1/9/2007	Senate	Session Sine Die

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