Illinois General Assembly - Bill Status for SB3014
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 Bill Status of SB3014  103rd General Assembly


Short Description:  MED SVGS ACCT-TAX CREDIT

Senate Sponsors
Sen. Dale A. Righter - Christine Radogno - Kirk W. Dillard - Peter J. Roskam - Adeline Jay Geo-Karis and Pamela J. Althoff

Last Action
DateChamber Action
  1/9/2007SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/216 new
820 ILCS 153/5


Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that a taxpayer providing health insurance and a medical care savings account to its employees shall receive a tax credit of up to $1,000 per employee. Provides that an employer that establishes a medical care savings account after the effective date of the amendatory Act shall receive a tax credit of up to $1,200 per employee for the first year and $1,000 thereafter. Amends the Medical Care Savings Account Act of 2000 to permit employees to make contributions to medical care savings accounts. Effective immediately.

Actions 
DateChamber Action
  1/20/2006SenateFiled with Secretary by Sen. Dale A. Righter
  1/20/2006SenateChief Co-Sponsor Sen. Christine Radogno
  1/20/2006SenateChief Co-Sponsor Sen. Kirk W. Dillard
  1/20/2006SenateChief Co-Sponsor Sen. Peter J. Roskam
  1/20/2006SenateChief Co-Sponsor Sen. Adeline Jay Geo-Karis
  1/20/2006SenateFirst Reading
  1/20/2006SenateReferred to Rules
  1/31/2006SenateAdded as Co-Sponsor Sen. Pamela J. Althoff
  1/9/2007SenateSession Sine Die

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