Illinois General Assembly - Bill Status for HB3521
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 Bill Status of HB3521  95th General Assembly

Short Description:  INC TX-HEALTH INS CREDIT

House Sponsors
Rep. Careen M Gordon - Lou Lang, Harry Osterman, Kurt M. Granberg, Patrick J Verschoore, Linda Chapa LaVia, Dan Reitz, Thomas Holbrook, Naomi D. Jakobsson, Constance A. Howard, Daniel V. Beiser, Charles E. Jefferson and Fred Crespo

Last Action
DateChamber Action
  1/13/2009HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/218 new


Synopsis As Introduced
Amends the Illinois Income Tax Act. For taxable years ending on or after December 31, 2007, allows small businesses that provide health care insurance for their employees and their spouses and dependents to claim a tax credit in an amount equal to the cost of providing that insurance, but not to exceed: (i) $500 per employee who receives health care insurance; and (ii) $250 for each spouse and dependent of an employee who receives health care insurance. Provides that the taxpayer may not carry the credit forward or back and that the credit may not reduce a taxpayer's liability to less than zero. Exempts the credit from the Act's sunset provisions. Effective immediately.

Actions 
DateChamber Action
  2/27/2007HouseFiled with the Clerk by Rep. Careen M Gordon
  2/28/2007HouseFirst Reading
  2/28/2007HouseReferred to Rules Committee
  3/1/2007HouseAssigned to Revenue Committee
  3/8/2007HouseAdded Chief Co-Sponsor Rep. Lou Lang
  3/20/2007HouseAdded Co-Sponsor Rep. Harry Osterman
  3/20/2007HouseAdded Co-Sponsor Rep. Kurt M. Granberg
  3/20/2007HouseAdded Co-Sponsor Rep. Patrick J Verschoore
  3/20/2007HouseAdded Co-Sponsor Rep. Linda Chapa LaVia
  3/20/2007HouseAdded Co-Sponsor Rep. Dan Reitz
  3/20/2007HouseAdded Co-Sponsor Rep. Thomas Holbrook
  3/23/2007HouseRule 19(a) / Re-referred to Rules Committee
  2/6/2008HouseAssigned to Revenue Committee
  2/22/2008HouseAdded Co-Sponsor Rep. Naomi D. Jakobsson
  2/27/2008HouseAdded Co-Sponsor Rep. Constance A. Howard
  3/14/2008HouseRule 19(a) / Re-referred to Rules Committee
  4/2/2008HouseAdded Co-Sponsor Rep. Daniel V. Beiser
  4/8/2008HouseAdded Co-Sponsor Rep. Charles E. Jefferson
  4/8/2008HouseAdded Co-Sponsor Rep. Fred Crespo
  1/13/2009HouseSession Sine Die

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