PETERSON-OBAMA-RADOGNO-CLAYBORNE-SULLIVAN, RONEN,C, WELCH, KARPIEL, NOLAND, PARKER, LIGHTFORD, HALVORSON, GEO-KARIS AND BOWLES. 35 ILCS 5/212 new Amends the Illinois Income Tax Act. Creates the earned income tax credit. Provides that each individual taxpayer is entitled to a credit against the tax imposed by the Act in an amount equal to a specified percentage of the federal earned income tax credit allowed. Provides that if the amount of the credit exceeds the tax liability for the year, then the excess credit shall be refunded to the taxpayer. Provides that the Department of Revenue shall calculate the amount of the earned income credit upon the request of a taxpayer. Effective immediately. 00-01-27 S FIRST READING 00-01-27 S REFERRED TO SENATE RULES COMMITTEE RULES 00-02-08 S ADDED AS A CO-SPONSOR NOLAND 00-03-01 S ADDED AS A CO-SPONSOR PARKER 00-03-07 S ADDED AS A CO-SPONSOR LIGHTFORD 00-03-07 S ADDED AS A CO-SPONSOR MADIGAN,L 00-03-15 S ADDED AS A CO-SPONSOR HALVORSON 00-03-15 S ADDED AS A CO-SPONSOR GEO-KARIS 00-03-22 S ADDED AS A CO-SPONSOR BOWLES 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary