92nd General Assembly
Status of HB3365
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CURRIE AND FLOWERS.

   35 ILCS 5/212                                                               

        Amends the Illinois Income  Tax  Act.   Provides  that  taxpayers      
   entitled  to  a  federal  earned  income  tax credit are entitled to a      
   credit under the Illinois Income Tax Act in an amount equal to 10%  of      
   the federal tax credit for taxable years beginning on or after January      
   1, 2001 and ending on or before December 31, 2005.  Provides that if a      
   taxpayer's  earned  income  tax  credit  exceeds  the  taxpayer's  tax      
   liability,  the  taxpayer shall receive a refund for the amount of the      
   excess (now, the earned income tax credit may not reduce a  taxpayer's      
   liability  to less than zero). Provides that the provisions concerning      
   the earned income tax credit are repealed on June 1, 2006  (now,  June      
   1, 2003).  Effective immediately.                                           
   MAR-05-2001  H  FILED WITH CLERK                                               
   MAR-05-2001  H  FIRST READING                                                  
   MAR-05-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   MAR-06-2001  H       ASSIGNED TO COMMITTEE               REVENUE               
   MAR-14-2001  H  ADDED AS A CO-SPONSOR                    FLOWERS               
   MAR-16-2001  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  H  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary