INC TX-TEACHER TAX CREDIT Senate SponsorsSen. Kimberly A. Lightford 1/11/2005SenateSession Sine Die 35 ILCS 5/215 newAmends the Illinois Income Tax Act. Allows taxpayers who are teachers at qualifying schools to take a credit against the taxpayer's income tax. The amount of the credit ranges from $250 to $1,500 depending upon the years of services as a teacher at a qualifying school. Provides that the credit may not reduce a taxpayer's tax liability to less than zero. Provides that unused credits may not be carried forward. Effective immediately. 2/18/2003SenateFiled with Secretary by Sen. Kimberly A. Lightford 2/18/2003SenateFirst Reading 2/18/2003SenateReferred to Rules 2/19/2003SenateAssigned to Revenue 2/27/2003SenateTo Subcommittee 3/6/2003SenateTo Subcommittee 3/14/2003SenateRule 3-9(a) / Re-referred to Rules 1/11/2005SenateSession Sine Die