CURRIE-FRITCHEY-MCKEON AND ERWIN.
INC TX-CR-EMPLOYER CHILD CARE
Synopsis of Bill as introduced:
Amends the Illinois Income Tax Act. Provides that the current
tax credit for dependent care assistance programs is available for tax
years ending on or before December 30, 1999. Creates a child care
facility and program tax credit. Provides that the credit shall
be available to all taxpayers and shall be in an amount equal to 30%
of the amount of expenditures by the taxpayer to provide an on-site
child care facility or an off-site child care program for the
taxpayer's employees. Limits the credit to $50,000 per taxable year.
Exempts the credit from the sunset provisions. Effective immediately.
Last action on Bill: SESSION SINE DIE
Last action date: 01-01-09
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status