Illinois General Assembly - Bill Status for HB5423

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a credit in an amount equal to 5% of wages paid by the taxpayer during the taxable year to one or more homeless Illinois residents. Provides that the credit may not exceed $600 in each taxable year. Provides that the credit may not reduce the taxpayer's liability to less than zero. Provides that any excess credit may be carried forward. Exempts the credit from the Act's automatic sunset provision.

Actions

Date	Chamber	Action
2/4/2010	House	Filed with the Clerk by Rep. Charles E. Jefferson
2/5/2010	House	First Reading
2/5/2010	House	Referred to Rules Committee
1/11/2011	House	Session Sine Die

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