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<xml>
<title>Illinois General Assembly - Bill Status for SB 339    </title>
<shortdesc>INC TX-EARNED INCOME CREDIT</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Jacqueline Y. Collins, Carole Pankau-Ira I. Silverstein-John J. Millner-Don Harmon-Kwame Raoul, Martin A. Sandoval and Donne E. Trotter</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2009</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/212</reference><aliasreference></aliasreference><SynopsisText>Amends the Illinois Income Tax Act. Increases the amount of the earned income tax credit from 5% of the federal tax credit to (i) 10% of the federal tax credit for each taxable year beginning on or after January 1, 2007, (ii) 15% of the federal tax credit for each taxable year beginning on or after January 1, 2009, and (iii) 20% of the federal tax credit for each taxable year beginning on or after January 1, 2011. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/7/2007</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Jacqueline Y. Collins</action>
<statusdate>2/7/2007</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/7/2007</statusdate><chamber>Senate</chamber><action>Referred to Rules</action>
<statusdate>2/7/2007</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Carole Pankau</action>
<statusdate>2/8/2007</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Ira I. Silverstein</action>
<statusdate>2/8/2007</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. John J. Millner</action>
<statusdate>2/8/2007</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Don Harmon</action>
<statusdate>2/8/2007</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Kwame Raoul</action>
<statusdate>2/23/2007</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Martin A. Sandoval</action>
<statusdate>2/23/2007</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Donne E. Trotter</action>
<statusdate>1/13/2009</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

