Illinois General Assembly - Bill Status for HB5606
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 Bill Status of HB5606  95th General Assembly


Short Description:  INC TX-HEALTH INS CREDIT

House Sponsors
Rep. Patricia R. Bellock - Sidney H. Mathias - Sandra M. Pihos

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. For taxable years ending on or after December 31, 2008, allows small businesses that provide health care insurance for their employees to claim a tax credit in an amount equal to $100 for each employee covered, $50 for each spouse covered, and $40 for each dependent (up to 2 dependents) covered. Provides that the taxpayer may not carry the credit forward or back and that the credit may not reduce a taxpayer's liability to less than zero. Exempts the credit from the Act's sunset provisions. 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
  2/20/2008HouseAdded Chief Co-Sponsor Rep. Sidney H. Mathias
  2/21/2008HouseAdded Chief Co-Sponsor Rep. Sandra M. Pihos
  3/14/2008HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2009HouseSession Sine Die

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