House Sponsors: DAVIS,STEVE-LOPEZ-SCOTT-ERWIN-MCKEON, BOLAND AND DAVIS,MONIQUE. Short description: INC TX-CR-DEPENDENT CARE Synopsis of Bill as introduced: Amends the Illinois Income Tax Act. Creates a tax credit equal to 25% of the credit received by the taxpayer for the same taxable year under Section 21 of the Internal Revenue Code of 1986 for employment related expenses for care of a child, spouse, or parent who is a disabled person. Provides that the credit is available for tax years ending on or after December 31, 1997 and ending with tax years ending on or before December 31, 2006. Provides that the credit may not reduce an individual's tax liability to less than zero. Effective immediately. STATE MANDATES FISCAL NOTE HB141 fails to create a State mandate. FISCAL NOTE (Dept. of Revenue) HB 141 will cost $32 million annually (estimated 300,000 Ill. filers at an average credit amount of $105). Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status