HARTKE AND HOLBROOK.
TAX CREDIT-VOLUNTR FIREFIGHTER
Synopsis of Bill as introduced:
Amends the Illinois Income Tax Act. Provides that for taxable
years ending on or after December 31, 2001, each taxpayer who was a
member in good standing of a volunteer fire department during the
entire taxable year is entitled to an income tax credit. Provides
that the credit may not exceed $500 or the amount of the taxpayer's
liability under this Act, whichever is less. Prohibits the carry
forward of an excess tax credit to a succeeding year's tax liability.
Exempts the provisions from the sunset requirements. Effective July
Last action on Bill: SESSION SINE DIE
Last action date: JAN-07-2003
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status