WELCH, KARPIEL, NOLAND, PARKER, LIGHTFORD,
HALVORSON, GEO-KARIS AND BOWLES.
INC TX-EARNED INCOME CREDIT
Synopsis of Bill as introduced:
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.
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