90th General Assembly
Summary of SB1518
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Senate Sponsors:

Short description: 
INC TAX CR-ST CHILD CARE SITE                                              

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act.  Provides that beginning with      
   tax years ending on or after December 31, 1998  and  ending  with  tax      
   years  ending  on  or  before December 31, 2007, an individual with an      
   adjusted gross income of $75,000 or less may  receive  an  income  tax      
   credit  in  an  amount  equal  to  10%  of  the credit received by the      
   taxpayer for the same taxable year under Section 129 of  the  Internal      
   Revenue Code of 1986 for expenditures during the tax year for the care      
   of  a  child  in  a  State  certified day care or child care facility.      
   Effective immediately.                                                      
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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