91st General Assembly
Summary of HB1855
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House Sponsors:
MULLIGAN-TENHOUSE-COULSON-PARKE-SCHOENBERG, ERWIN AND WINKEL.

Short description: 
INCOME TX-DAY CARE CREDIT                                                  

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act.  Provides that beginning with      
   taxable year 1999, a tax credit is granted to taxpayers who  employ  5      
   or  more  persons  for  10%  of  the  cost of day care provided to the      
   employees at the place of employment.  Allows an excess tax credit  to      
   be  carried  forward and applied to the tax liability of the 2 taxable      
   years following the excess credit year.  Exempts  the  provision  from      
   the Act's sunset requirement.  Effective immediately.                       
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



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