Illinois General Assembly - Bill Status for SB2624
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 Bill Status of SB2624  100th General Assembly


Short Description:  INC TX-CLASSROOM SUPPLY CREDIT

Senate Sponsors
Sen. Dan Cronin

Last Action
DateChamber Action
  1/13/2009SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/218 new


Synopsis As Introduced
Amends the Illinois Income Tax Act. Allows an income tax credit for each individual taxpayer who is a teacher teaching in a school in Illinois. Provides that the amount of the credit is equal to 50% of the eligible classroom expenses made by the taxpayer during the taxable year, but the credit may not exceed $500. Defines "eligible classroom expenses" as the aggregate amount of nonreimbursed classroom expenses made by the taxpayer during the taxable year less $250. Provides that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Effective immediately.

Actions 
DateChamber Action
  2/15/2008SenateFiled with Secretary by Sen. Dan Cronin
  2/15/2008SenateFirst Reading
  2/15/2008SenateReferred to Rules
  1/13/2009SenateSession Sine Die

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