92nd General Assembly
Status of SB1746
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Summary

   35 ILCS 5/213 new                                                           

        Amends the Illinois Income Tax Act.  Provides that,  for  taxable      
   years  ending  on  or  after December 31, 2002 and ending on or before      
   December 30, 2007, 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  a  dependent      
   child of the taxpayer or an elderly dependent of the taxpayer 65 years      
   old  or  older.   Allows the credit to be carried forward for 5 years.      
   Effective immediately.                                                      
   FEB-05-2002  S  FIRST READING                                                  
   FEB-05-2002  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   JAN-07-2003  S  SESSION SINE DIE                                               


 Full Text  Bill Summary