Bill Status of HB1423 9th General Assembly
Short Description: INC TX-HOSPITAL CHARITY CARE
Rep. Sara Feigenholtz - Michael J. Zalewski - Thomas Holbrook, Elizabeth Hernandez, Edward J. Acevedo, André M. Thapedi, La Shawn K. Ford, Cynthia Soto, Rita Mayfield and Daniel J. Burke
| 1/8/2013||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a credit for licensed hospitals in an amount equal to the lesser of the cost of charity care provided by the hospital during the tax year or the amount of real property taxes paid during the tax year on hospital property. Effective immediately.