INC TAX-LONG-TRM CARE INSURNCE House SponsorsRep. John E. Bradley-Lisa M. Dugan-William J. Grunloh 1/11/2005HouseSession Sine Die 5 ILCS 5/216 new Amends the Illinois Income Tax Act. Provides that, for 5 taxable years, each individual taxpayer is entitled to an income tax credit in the amount of 50% of the amount spent by the taxpayer in the taxable year for long-term care insurance premiums. Provides that the tax credit may not reduce the taxpayer's liability to less than zero but may be carried forward for 5 taxable years. Effective immediately. 2/6/2004HouseFiled with the Clerk by Rep. John E. Bradley 2/6/2004HouseFirst Reading 2/6/2004HouseReferred to Rules Committee 3/23/2004HouseAdded Chief Co-Sponsor Rep. Lisa M. Dugan 3/23/2004HouseAdded Chief Co-Sponsor Rep. William J. Grunloh 1/11/2005HouseSession Sine Die