90th General Assembly
Summary of SB0284
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Senate Sponsors:
JACOBS-OBAMA-HALVORSON.

Short description: 
INC TX-HOUSEHOLD-DEPENDNT CARE                                             

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act. Creates an income tax  credit      
   in  an  amount  equal  to  20%  of amounts paid for employment-related      
   expenses associated with household and dependent  care  service  costs      
   incurred  in  the  care of a qualifying individual.  Provides that the      
   credit shall not exceed 50% of the total tax imposed under this Act or      
   $500, whichever is less.  Provides that "employment-related  expenses"      
   and  "qualifying  individual" shall have the meanings ascribed to them      
   in the Internal Revenue Code of 1986.  Provides that  this  credit  is      
   available beginning with taxable years ending on or after December 31,      
   1997 and ending with taxable years ending on or before December 31,         
   2001.                                                                       
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

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


   END OF INQUIRY 



 Full Text  Bill Status