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.  Tax credit for on-site employee day care.  For
 9    taxable year 1999 and thereafter, each taxpayer  who  employs
10    at  least  5  persons is entitled to a credit against the tax
11    imposed by subsections (a) and  (b)  of  Section  201  in  an
12    amount equal to 10% of the amount expended by the employer to
13    provide  day  care  for  the  children  of  employees  on the
14    premises of the employees' workplace.  The tax credit may not
15    reduce the taxpayer's liability to less than  zero.   If  the
16    amount  of  the  tax credit exceeds the tax liability for the
17    year, the excess may be carried forward and  applied  to  the
18    tax  liability  of  the  2 taxable years following the excess
19    credit year.  The credit shall be  applied  to  the  earliest
20    year  for  which  there  is  a  tax  liability.  If there are
21    credits from more than one tax year  that  are  available  to
22    offset  a liability, then the earlier credit shall be applied
23    first. This Section is exempt from the provisions of  Section
24    250.

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

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