Illinois General Assembly - Bill Status for HB4378
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 Bill Status of HB4378  94th General Assembly


Short Description:  INC TX-LONG TERM HEALTH CREDIT

House Sponsors
Rep. Carolyn H. Krause - Sidney H. Mathias - Lisa M. Dugan and Careen M Gordon

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

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


Synopsis As Introduced
Amends the Illinois Income Tax Act. Allows an income tax credit in an amount equal to 15% of the premium costs paid for a qualified long term care insurance contract covering the individual taxpayer or the taxpayer's spouse, parent, or dependent. Provides that the credit may not exceed $200 or the taxpayer's liability, whichever is less. Prohibits the carry forward of an excess tax credit to a succeeding year's tax liability. Exempts the credit from the sunset provisions. Effective immediately.

Actions 
DateChamber Action
  1/4/2006HouseFiled with the Clerk by Rep. Carolyn H. Krause
  1/4/2006HouseFirst Reading
  1/4/2006HouseReferred to Rules Committee
  1/18/2006HouseAdded Chief Co-Sponsor Rep. Sidney H. Mathias
  1/19/2006HouseAdded Chief Co-Sponsor Rep. Lisa M. Dugan
  3/15/2006HouseAdded Co-Sponsor Rep. Careen M Gordon
  1/9/2007HouseSession Sine Die

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