SB0005sam006 95TH GENERAL ASSEMBLY

Sen. David Koehler

Filed: 5/25/2007

09500SB0005sam006 LRB095 08883 DRJ 37060 a

AMENDMENT TO SENATE BILL 5

AMENDMENT NO. ______. Amend Senate Bill 5, AS AMENDED, with reference to page and line numbers of Senate Amendment No. 1, by replacing lines 21 through 24 on page 139 and lines 1 through 3 on page 140 with the following:

"(b) If the tax otherwise due under subsection (a) of Section 50-301 of this Act with respect to the wages of any employee of the employer is $7,500, the credit allowed in subsection (a) of this Section shall be computed without taking into account any wages paid to that employee or any expenditures for health care incurred with respect to that employee, and, in addition to the credit so computed, the employer shall be allowed a credit of $7,500 with respect to that employee of the expenditures for health care incurred with respect to that employee exceed $10,000.

(c) For purposes of determining whether total expenditures for health care for Illinois employees exceed 4% of the wages paid to Illinois employees for a taxable year, the wages paid to and expenditures for health care for any Illinois employee with health care coverage provided by another employer of that employee, or with health care coverage as a dependent through another employer, shall be disregarded.".