Bill Status of HB 5423   96th General Assembly


Short Description:  INC TX-HOMELESS CREDIT

House Sponsors
Rep. Charles E. Jefferson

Last Action  View All Actions

DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/219 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a credit in an amount equal to 5% of wages paid by the taxpayer during the taxable year to one or more homeless Illinois residents. Provides that the credit may not exceed $600 in each taxable year. Provides that the credit may not reduce the taxpayer's liability to less than zero. Provides that any excess credit may be carried forward. Exempts the credit from the Act's automatic sunset provision.

Actions 
DateChamber Action
  2/4/2010HouseFiled with the Clerk by Rep. Charles E. Jefferson
  2/5/2010HouseFirst Reading
  2/5/2010HouseReferred to Rules Committee
  1/11/2011HouseSession Sine Die

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