96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB5098


 
Introduced 1/29/2010, by Rep. Rich Brauer
 
SYNOPSIS AS INTRODUCED:
 		












35 ILCS 5/219 new











    Amends the Illinois Income Tax Act.  Provides that for taxable years
ending on or after December 31, 2010, each taxpayer who was a member
in good standing of a volunteer fire department during the entire taxable year
is entitled to an income tax credit.  Provides that the credit may not exceed
$500 or the amount of the taxpayer's liability under this Act, whichever is
less.  Prohibits the carry forward of an excess tax credit to a succeeding
year's tax liability.  Exempts the provisions from the sunset requirements.
Effective July 1, 2010.
















LRB096 15691 HLH 30927 b

















FISCAL NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











HB5098

LRB096 15691 HLH 30927 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 adding 
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Section 219 as
follows:


 
6
    (35 ILCS 5/219 new)
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    Sec. 219. Tax credit for volunteer firefighters.  For 
8
taxable years
ending on or after December 31, 2010, each 
9
taxpayer who was a member in good
standing of a volunteer fire 
10
department during the entire taxable year is
entitled to a 
11
credit against the tax imposed by subsections (a) and (b) of

12
Section 201.  The credit allowed under this Section may not 
13
exceed $500 or the
amount of the taxpayer's liability under 
14
this Act, whichever is less. If the
amount of the credit 
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exceeds the taxpayer's liability under this Act for the
year, 
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then the excess may not be carried forward to apply to the 
17
taxpayer's
liability for the succeeding year.
This Section is 
18
exempt from the provisions
of Section 250.

 
19
    Section 99. Effective date. This Act takes effect July 1, 
20
2010.