Bill Status of HB 5314   98th General Assembly

Short Description:  INC TX-ADOPTION TAX CREDIT

House Sponsors
Rep. Barbara Wheeler-Dwight Kay, David McSweeney, Ed Sullivan, Jr., Ron Sandack and Ann Williams

Last Action  View All Actions

DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/224 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a tax credit for each individual taxpayer who adopts a child during the taxable year in an amount equal to certain nonrecurring adoption expenses incurred by the taxpayer in connection with that adoption. Provides that the credit may not exceed $4,000 per child. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.

Actions 
DateChamber Action
  2/7/2014HouseFiled with the Clerk by Rep. Barbara Wheeler
  2/7/2014HouseFirst Reading
  2/7/2014HouseReferred to Rules Committee
  2/20/2014HouseAssigned to Revenue & Finance Committee
  2/21/2014HouseTo Income Tax Subcommittee
  3/17/2014HouseAdded Chief Co-Sponsor Rep. Dwight Kay
  3/20/2014HouseAdded Co-Sponsor Rep. David McSweeney
  3/20/2014HouseAdded Co-Sponsor Rep. Ed Sullivan, Jr.
  3/20/2014HouseAdded Co-Sponsor Rep. Ron Sandack
  3/20/2014HouseAdded Co-Sponsor Rep. Ann Williams
  3/28/2014HouseRule 19(a) / Re-referred to Rules Committee
  12/3/2014HouseSession Sine Die

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