<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 6925   </title>
<shortdesc>INC TX-LONG TERM HEALTH CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. James H. Meyer-Elizabeth Coulson-Sidney H. Mathias-Jim Watson-Eileen Lyons, Patricia R. Bellock, Robert W. Pritchard and Bob Biggins</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/213</reference><aliasreference></aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Allows an income tax credit in an amount equal to 15% of the premium costs paid for a qualified long term care insurance contract covering the individual taxpayer or the taxpayer's spouse, parent, or dependent. Provides that the credit may not exceed $200 or the taxpayer's liability, whichever is less. Prohibits the carry forward of an excess tax credit to a succeeding year's tax liability. Exempts the credit from the sunset provisions. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/9/2004</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. James H. Meyer</action>
<statusdate>2/9/2004</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Elizabeth Coulson</action>
<statusdate>2/9/2004</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Sidney H. Mathias</action>
<statusdate>2/9/2004</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/9/2004</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/19/2004</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Jim Watson</action>
<statusdate>2/19/2004</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Eileen Lyons</action>
<statusdate>2/19/2004</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Patricia R. Bellock</action>
<statusdate>2/25/2004</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Robert W. Pritchard</action>
<statusdate>2/25/2004</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Bob Biggins</action>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

