Bill Status of SB0571 93rd General Assembly
Short Description: INC TAX-EDUC EXPENSE CREDIT
Sen. Dan Cronin
| 1/11/2005||Senate||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Income Tax Act. Authorizes a tax credit for certain public and nonpublic elementary and secondary school teachers for 50% of the teacher's own expenses for his or her classroom. The credit may not exceed $500 and may not reduce tax liability to less than zero. Exempt from the Act's sunset provisions. Effective on July 1, 2003.
|Date||Chamber|| Action|| 2/18/2003||Senate||Filed with Secretary by Sen. Dan Cronin|| 2/18/2003||Senate||First Reading|| 2/18/2003||Senate||Referred to Rules|| 1/11/2005||Senate||Session Sine Die|