MULLIGAN-TENHOUSE-COULSON-PARKE-SCHOENBERG, ERWIN AND WINKEL.
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
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status