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91_HB2084
LRB9104891PTmb
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. Earned income tax credit for working families.
9 Beginning with taxable years ending on or after December 31,
10 1999, there is allowed for an individual taxpayer an earned
11 income tax credit against taxes due under this Act equal to
12 10% of the earned income tax credit allowable for that
13 individual taxpayer for the same taxable year under Section
14 32 of the Internal Revenue Code of 1986. If a credit allowed
15 under this Section exceeds the tax liability of the taxpayer,
16 the taxpayer shall receive a refund for the amount of the
17 excess. The provisions of this Section are exempt from the
18 provisions of Section 250.
19 Section 99. Effective date. This Act takes effect upon
20 becoming a law.