HALVORSON. 35 ILCS 5/211 new Amends the Illinois Income Tax Act. Creates an income tax credit, beginning in taxable years beginning on or after January 1, 1999 and ending with taxable years ending on or before December 30, 2004, for employers who pay insurance premiums on policies to insure the employers' liability under the Workers' Compensation Act and the Workers' Occupational Diseases Act equal to 5% of the premiums that the employer paid during the taxable year. Provides that the credit shall not reduce the employer's tax liability to less than zero. Effective immediately. 99-02-24 S FIRST READING 99-02-24 S REFERRED TO SENATE RULES COMMITTEE RULES 99-02-25 S ASSIGNED TO COMMITTEE REVENUE 99-03-11 S TO SUBCOMMITTEE 99-03-11 S COMMITTEE REVENUE 99-03-20 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary