91st General Assembly
Summary of SB1593
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Senate Sponsors:

Short description: 
INC TAX-DAYCARE EXPENSE CREDIT                                             

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act.  Provides that,  for  taxable      
   years  2000  through  2004,  every  individual  taxpayer whose taxable      
   income is $75,000 or less is entitled to a tax credit equal to  5%  of      
   the  amount paid in the taxable year for dependent care expenses for        
   the taxpayer's dependent child or elderly dependent 65 years old or         
   older. Allows the credit to be carried forward for 5 years. Effective       
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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