State of Illinois
91st General Assembly

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 1        AN  ACT  to  amend  the Illinois Income Tax Act by adding
 2    Section 211.

 3        Be it enacted by the People of  the  State  of  Illinois,
 4    represented in the General Assembly:

 5        Section  5.  The  Illinois  Income  Tax Act is amended by
 6    adding Section 211 as follows:

 7        (35 ILCS 5/211 new)
 8        Sec. 211.   Eldercare  tax  credit.   For  taxable  years
 9    beginning on or after January 1, 1999, an individual taxpayer
10    is  entitled  to  a  credit  against  the  taxes  imposed  by
11    subsections  (a) and (b) of Section 201 in an amount equal to
12    the amount of expenditures during the taxable  year  for  the
13    care of an individual 65 years of age or older who is claimed
14    as  a  dependent on the taxpayer's federal income tax return,
15    but the amount of the credit for the taxable year may  be  no
16    more  than  $1,000  or  the  taxpayer's tax liability for the
17    year, whichever is less.  If the amount of a  credit  exceeds
18    the  tax  liability  for  the  year,  then  the excess may be
19    carried forward and applied to the tax  liability  of  the  2
20    taxable  years  following  the  excess credit year.  A credit
21    shall be applied to the earliest year for which  there  is  a
22    tax  liability.   If  there  are  credits  from more than one
23    taxable year that are available to offset a  liability,  then
24    the  earlier  credit shall be applied first.  This Section is
25    exempt from the provisions of Section 250.

26        Section 99.  Effective date.  This Act takes effect  upon
27    becoming law.

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