INC TX-ELDERCARE TAX CREDIT House SponsorsRep. William B. Black-Sidney H. Mathias-Bob Biggins-Eileen Lyons-Sandra M. Pihos 1/11/2005HouseSession Sine Die 35 ILCS 5/216 new Amends the Illinois Income Tax Act. Grants a credit against the tax imposed by the Act in the amount of expenditures during the taxable year for the care of an individual 65 years of age or older who is claimed as a dependent on the taxpayer's federal income tax return. Provides that the amount of the credit for the taxable year may be no more than $1,000 or the taxpayer's tax liability for the year, whichever is less. Allows an excess credit to be carried forward to the tax liability of 2 succeeding taxable years. Exempts the credit from the Act's sunset requirement. Effective immediately. 2/9/2004HouseFiled with the Clerk by Rep. William B. Black 2/9/2004HouseChief Co-Sponsor Rep. Sidney H. Mathias 2/9/2004HouseFirst Reading 2/9/2004HouseReferred to Rules Committee 2/19/2004HouseAdded Chief Co-Sponsor Rep. Bob Biggins 2/19/2004HouseAdded Chief Co-Sponsor Rep. Eileen Lyons 2/19/2004HouseAdded Chief Co-Sponsor Rep. Sandra M. Pihos 1/11/2005HouseSession Sine Die