Illinois General Assembly - Bill Status for HB5620
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 Bill Status of HB5620  100th General Assembly


Short Description:  INC TX-LONG-TERM SAVINGS CR

House Sponsors
Rep. Patricia R. Bellock and Daniel V. Beiser

Last Action
DateChamber Action
  1/13/2009HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/218 new


Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit of $100 for individuals who deposit $100 or more into a trust account established by a federally insured financial institution for the purpose of providing for future long-term care expenses. Provides that the same taxpayer may take this credit in only one taxable year. 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.

Actions 
DateChamber Action
  2/15/2008HouseFiled with the Clerk by Rep. Patricia R. Bellock
  2/15/2008HouseFirst Reading
  2/15/2008HouseReferred to Rules Committee
  2/20/2008HouseAssigned to Revenue Committee
  3/14/2008HouseRule 19(a) / Re-referred to Rules Committee
  4/11/2008HouseAdded Co-Sponsor Rep. Daniel V. Beiser
  1/13/2009HouseSession Sine Die

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