91st General Assembly
Summary of SB0859
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Senate Sponsors:

Short description: 
INC TX-WORKERS COMPENSATION CR                                             

Synopsis of Bill as introduced:
        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.                                                      
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: Senate

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


 Full Text  Bill Status