91st General Assembly
Status of HB1062
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Summary

   35 ILCS 5/211 new                                                           

        Amends the Illinois Income Tax Act.  Grants a credit against  the      
   tax  imposed  by  the  Act  in  the  amount of expenditures during the      
   taxable year for the care of an individual 65 years of  age  or  older      
   who  is  claimed  as  a dependent on the taxpayer's federal income tax      
   return.  Provides that the amount of the credit for the  taxable  year      
   may  be  no  more  than $1,000 or the taxpayer's tax liability for the      
   year, whichever is less.   Allows  an  excess  credit  to  be  carried      
   forward  to  the tax liability of 2 succeeding taxable years.  Exempts      
   the credit from the Act's sunset requirement.  Effective immediately.       
   99-02-11  H  FILED WITH CLERK                                               
   99-02-11  H  FIRST READING                                                  
   99-02-11  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   99-02-17  H       ASSIGNED TO COMMITTEE               REVENUE               
   99-02-17  H  ADDED AS A JOINT SPONSOR                 LYONS,EILEEN          
   99-03-05  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   01-01-09  H  SESSION SINE DIE                                               


 Full Text  Bill Summary