Illinois General Assembly - Bill Status for SB0420

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Bill Status of SB0420 93rd General Assembly

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Short Description: INC TX-TEACHER TAX CREDIT

Senate Sponsors
Sen. Kimberly A. Lightford

Last Action

Date	Chamber	Action
1/11/2005	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/215 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Allows taxpayers who are teachers at qualifying schools to take a credit against the taxpayer's income tax. The amount of the credit ranges from $250 to $1,500 depending upon the years of services as a teacher at a qualifying school. Provides that the credit may not reduce a taxpayer's tax liability to less than zero. Provides that unused credits may not be carried forward. Effective immediately.

Actions

Date	Chamber	Action
2/18/2003	Senate	Filed with Secretary by Sen. Kimberly A. Lightford
2/18/2003	Senate	First Reading
2/18/2003	Senate	Referred to Rules
2/19/2003	Senate	Assigned to Revenue
2/27/2003	Senate	To Subcommittee
3/6/2003	Senate	To Subcommittee
3/14/2003	Senate	Rule 3-9(a) / Re-referred to Rules
1/11/2005	Senate	Session Sine Die

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