State of Illinois
90th General Assembly
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90_HB2408

      35 ILCS 5/212 new
          Amends  the  Illinois  Income  Tax  Act.   Provides  that
      beginning with tax years ending  on  or  after  December  31,
      1997, a taxpayer that has previously filed one   return under
      this  Act  shall be entitled to a credit in the amount of one
      percent, a taxpayer that has filed 2 previous  returns  under
      this Act shall be entitled to a credit in the amount of 2%, a
      taxpayer  that  has  filed  3 previous returns under this Act
      shall be entitled to a credit in the amount of 3%, a taxpayer
      that has filed 4 previous returns under  this  Act  shall  be
      entitled to a credit in the amount of 4%, and a taxpayer that
      has  filed 5 or more previous returns under this Act shall be
      entitled to a credit of 5%.  Exempts credit from  the  sunset
      provisions.  Effective immediately.
                                                     LRB9007764KDks
                                               LRB9007764KDks
 1        AN  ACT  to  amend  the Illinois Income Tax Act by adding
 2    Section 212.
 3        Be it enacted by the People of  the  State  of  Illinois,
 4    represented in the General Assembly:
 5        Section  5.  The  Illinois  Income  Tax Act is amended by
 6    adding Section 212 as follows:
 7        (35 ILCS 5/212 new)
 8        Sec. 212. Tax credit; previous year  returns.   Beginning
 9    with  tax  years  ending  on  or  after  December 31, 1997, a
10    taxpayer who has previously filed a  return  under  this  Act
11    shall  be  entitled  to  a  credit against the tax imposed by
12    subsections (a) and (b)  of  Section  201  in  the  following
13    amount:
14        (1)  for  a  taxpayer  who  has filed one previous return
15    under this Act, 1%;
16        (2)  for a taxpayer who  has  filed  2  previous  returns
17    under this Act, 2%;
18        (3)  for  a  taxpayer  who  has  filed 3 previous returns
19    under this Act, 3%;
20        (4)  for a taxpayer who  has  filed  4  previous  returns
21    under this Act, 4%; and
22        (5)  for  a  taxpayer  who  has  filed 5 or more previous
23    returns under this Act, 5%.
24        The credit provided by this Section is  exempt  from  the
25    provisions of Section 250 of this Act.
26        Section  99.  Effective date.  This Act takes effect upon
27    becoming law.

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