Illinois General Assembly - Bill Status for HB7048
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 Bill Status of HB7048  93rd General Assembly


Short Description:  INCOME TX-ARMED SERVICE CREDIT

House Sponsors
Rep. Lisa M. Dugan

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/216 new


Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, for taxable years ending on or after December 31, 2004 and on or before December 30, 2009, each taxpayer is entitled to an income tax credit in the amount of $500 per taxable year if the taxpayer is a member of the armed forces of the United States, the Illinois National Guard, or a reserve component of the armed forces of the United States and served on active duty during the taxable year. Provides that the credit is not refundable and may not be carried forward or back. Effective January 1, 2005.

Actions 
DateChamber Action
  2/9/2004HouseFiled with the Clerk by Rep. Lisa M. Dugan
  2/9/2004HouseFirst Reading
  2/9/2004HouseReferred to Rules Committee
  1/11/2005HouseSession Sine Die

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