<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 571    </title>
<shortdesc>INC TAX-EDUC EXPENSE CREDIT</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Dan Cronin</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2005</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/213 new</reference><aliasreference></aliasreference><SynopsisText>Amends the Illinois Income Tax Act. Authorizes a tax credit for certain public and nonpublic elementary and secondary school teachers for 50% of the teacher's own expenses for his or her classroom. The credit may not exceed $500 and may not reduce tax liability to less than zero. Exempt from the Act's sunset provisions. Effective on July 1, 2003.</SynopsisText></synopsis>
<actions>
<statusdate>2/18/2003</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Dan Cronin</action>
<statusdate>2/18/2003</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/18/2003</statusdate><chamber>Senate</chamber><action>Referred to Rules</action>
<statusdate>1/11/2005</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

