Illinois General Assembly - Bill Status for SB2067

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Bill Status of SB2067 94th General Assembly

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Short Description: INC TX-MEDICARE CREDIT

Senate Sponsors
Sen. Carole Pankau

Last Action

Date	Chamber	Action
1/9/2007	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/216 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Allows a credit against income tax for individual taxpayers who are 62 years of age or older in an amount equal to the aggregate amount that the taxpayer pays during the taxable year to qualify for Medicare Part D benefits under Title XVIII of the federal Social Security Act. Provides that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Exempts the credit from the sunset provisions. Effective immediately.

Actions

Date	Chamber	Action
2/25/2005	Senate	Filed with Secretary by Sen. Carole Pankau
2/25/2005	Senate	First Reading
2/25/2005	Senate	Referred to Rules
1/9/2007	Senate	Session Sine Die

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