Illinois General Assembly - Bill Status for SB2173
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 Bill Status of SB2173  94th General Assembly


Short Description:  INC TX-INSURANCE PREMIUM CR

Senate Sponsors
Sen. William E. Peterson - William R. Haine - M. Maggie Crotty - Chris Lauzen, Bill Brady, Dan Rutherford, Terry Link, Antonio Munoz and Peter J. Roskam

House Sponsors
(Rep. Patricia R. Bellock - Randall M. Hultgren - Dan Brady - Lou Lang - Joseph M. Lyons, Michael Tryon, James D. Brosnahan, Mike Boland, Jack McGuire, Daniel V. Beiser, Jack D. Franks, John E. Bradley, Robin Kelly, Lisa M. Dugan, Milton Patterson and Careen M Gordon)

Last Action
DateChamber Action
  1/9/2007SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/216 new


Synopsis As Introduced
Amends the Illinois Income Tax Act. Allows a tax credit for individual taxpayers in an amount equal to 25% of the premium costs paid by the taxpayer during the taxable year for each qualified long-term care insurance contract purchased on or after January 1, 2006 that offers coverage to either the taxpayer or to the taxpayer's spouse, parent, or dependent. Provides that the credit may not exceed $100 for each qualified long-term care policy. Provides that the credit may not reduce the taxpayer's liability to less than zero and may not be carried forward. Provides that a taxpayer is not entitled to the credit with respect to amounts expended for the same qualified long-term care insurance contract that are claimed by another taxpayer. Effective immediately.

Actions 
DateChamber Action
  1/4/2006SenateFiled with Secretary by Sen. William E. Peterson
  1/4/2006SenateFirst Reading
  1/4/2006SenateReferred to Rules
  1/17/2006SenateAdded as Chief Co-Sponsor Sen. William R. Haine
  2/2/2006SenateAdded as Co-Sponsor Sen. Bill Brady
  2/7/2006SenateAdded as Chief Co-Sponsor Sen. M. Maggie Crotty
  2/7/2006SenateAdded as Co-Sponsor Sen. Dan Rutherford
  2/8/2006SenateAdded as Co-Sponsor Sen. Terry Link
  2/8/2006SenateAssigned to Revenue
  2/9/2006SenateAdded as Co-Sponsor Sen. Antonio Munoz
  2/15/2006SenateAdded as Co-Sponsor Sen. Chris Lauzen
  2/15/2006SenateDo Pass Revenue; 008-000-000
  2/15/2006SenatePlaced on Calendar Order of 2nd Reading February 16, 2006
  2/16/2006SenateSecond Reading
  2/16/2006SenatePlaced on Calendar Order of 3rd Reading February 22, 2006
  2/22/2006SenateAdded as Co-Sponsor Sen. Peter J. Roskam
  2/22/2006SenateAdded as Chief Co-Sponsor Sen. Chris Lauzen
  2/22/2006SenateThird Reading - Passed; 056-000-000
  2/22/2006HouseArrived in House
  2/22/2006HousePlaced on Calendar Order of First Reading
  2/23/2006HouseChief House Sponsor Rep. Randall M. Hultgren
  2/23/2006HouseAlternate Chief Sponsor Changed to Rep. Patricia R. Bellock
  2/23/2006HouseAdded Alternate Chief Co-Sponsor Rep. Randall M. Hultgren
  2/23/2006HouseAdded Alternate Chief Co-Sponsor Rep. Dan Brady
  2/23/2006HouseAdded Alternate Chief Co-Sponsor Rep. Lou Lang
  2/23/2006HouseAdded Alternate Chief Co-Sponsor Rep. Joseph M. Lyons
  2/23/2006HouseAdded Alternate Co-Sponsor Rep. Michael Tryon
  2/23/2006HouseFirst Reading
  2/23/2006HouseReferred to Rules Committee
  2/24/2006HouseAdded Alternate Co-Sponsor Rep. James D. Brosnahan
  3/15/2006HouseAdded Alternate Co-Sponsor Rep. Mike Boland
  3/15/2006HouseAdded Alternate Co-Sponsor Rep. Jack McGuire
  3/23/2006HouseAdded Alternate Co-Sponsor Rep. Daniel V. Beiser
  3/23/2006HouseAdded Alternate Co-Sponsor Rep. Jack D. Franks
  3/23/2006HouseAdded Alternate Co-Sponsor Rep. John E. Bradley
  3/23/2006HouseAdded Alternate Co-Sponsor Rep. Robin Kelly
  3/28/2006HouseAdded Alternate Co-Sponsor Rep. Lisa M. Dugan
  3/28/2006HouseAdded Alternate Co-Sponsor Rep. Milton Patterson
  4/7/2006HouseAdded Alternate Co-Sponsor Rep. Careen M Gordon
  1/9/2007SenateSession Sine Die

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