91st General Assembly
Summary of HB3948
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House Sponsors:
COWLISHAW-COULSON-OSMOND-MOORE,ANDREA-KRAUSE, 
   SCULLY, GASH AND FRANKS.

Short description: 
INC TX-LONG TERM HEALTH CREDIT                                             

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act. Allows an income tax credit        
   in an amount equal to 15% of the premium costs paid for a qualified         
   long term care insurance contract covering the individual taxpayer          
   or the taxpayer's spouse, parent, or dependent. Provides that the           
   credit may not exceed $200 or the taxpayer's liability, whichever is        
   less. Prohibits the carry forward of an excess tax credit to a              
   succeeding year's tax liability. Exempts the credit from the sunset         
   provisions. Effective January 1, 2001.                                      
 
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 



 Full Text  Bill Status