<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 4376   </title>
<shortdesc>INC TX-CLASSROOM SUPPLY CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Jay C. Hoffman-Paul D. Froehlich-Sidney H. Mathias, Linda Chapa LaVia, Edward J. Acevedo and Kurt M. Granberg</sponsors>
</sponsor>
<lastaction>
<statusdate>1/9/2007</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/216 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Allows an income tax credit for each individual taxpayer who is a teacher teaching in a school in Illinois. Provides that the amount of the credit is equal to 25% of the eligible classroom expenses made by the taxpayer during the taxable year, but the credit may not exceed $500. Defines "eligible classroom expenses" as the aggregate amount of nonreimbursed classroom expenses made by the taxpayer during the taxable year less $250. Provides that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/4/2006</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Jay C. Hoffman</action>
<statusdate>1/4/2006</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/4/2006</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/19/2006</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Paul D. Froehlich</action>
<statusdate>1/19/2006</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Sidney H. Mathias</action>
<statusdate>1/25/2006</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Linda Chapa LaVia</action>
<statusdate>1/25/2006</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Edward J. Acevedo</action>
<statusdate>2/22/2006</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Kurt M. Granberg</action>
<statusdate>1/9/2007</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

