093_HB3289

 
                                     LRB093 10074 SJM 12114 b

 1        AN ACT concerning taxes.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section  5.   The  Illinois  Income Tax Act is amended by
 5    adding Section 213 as follows:

 6        (35 ILCS 5/213 new)
 7        Sec. 213.  Tax credit for  volunteer  firefighters.   For
 8    taxable  years  ending  on  or  after December 31, 2003, each
 9    taxpayer who was a member in good  standing  of  a  volunteer
10    fire department during the entire taxable year is entitled to
11    a  credit  against the tax imposed by subsections (a) and (b)
12    of Section 201.  The credit allowed under  this  Section  may
13    not  exceed  $500  or  the amount of the taxpayer's liability
14    under this Act, whichever is  less.  If  the  amount  of  the
15    credit  exceeds  the  taxpayer's liability under this Act for
16    the year, then the excess may not be carried forward to apply
17    to the taxpayer's liability for  the  succeeding  year.  This
18    Section is exempt from the provisions of Section 250.

19        Section  99.  Effective date.  This Act takes effect July
20    1, 2003.