92nd General Assembly
Summary of SB0296
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Senate Sponsors:

Short description: 
INC TAX-CORP BLOOD DRIVE CREDT                                             

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax  Act.   Provides  that,  beginning      
   with  taxable  years  ending  on or after December 31, 2001 and ending      
   with taxable years  ending  on  or  before  December  30,  2006,  each      
   corporate  taxpayer  that  sponsors  an on-site blood drive during the      
   taxable year is entitled to a tax credit equal to $10 per employee  of      
   the  corporation  who donates blood at the corporate-sponsored on-site      
   blood drive held during the taxable year.  The corporation is  allowed      
   to  claim only one $10 credit per each individual employee per taxable      
   year.  The tax credit may not reduce the taxpayer's liability to  less      
   than  zero.   The  credit  may  not  be  carried  forward.   Effective      
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: Senate

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


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