[ Search ] [ Legislation ] [ Bill Summary ]
[ Home ] [ Back ] [ Bottom ]
90_HB2497
35 ILCS 5/213 new
Amends the Illinois Income Tax Act. Creates an income
tax credit for individuals in an amount equal to 25% of
unreimbursed, medically necessary expenses incurred in
caring, in the individual's home, for an elderly parent who
has been diagnosed by a licensed physician as being unable to
live alone. Provides that the taxpayer shall provide the
Department of Revenue, upon request, with certification from
a licensed physician of the medical necessity for the live-in
care of the elderly parent. Provides that in no event shall
this credit reduce an individual's tax liability to less than
zero. Provides that this credit is available for tax years
ending on or after December 31, 1998. Sunsets the credit
after 5 years.
LRB9007959KDgc
LRB9007959KDgc
1 AN ACT to amend the Illinois Income Tax Act by adding
2 Section 213.
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 213 as follows:
7 (35 ILCS 5/213 new)
8 Sec. 213. Individual tax credit for care of parent.
9 Beginning with tax years ending on or after December 31, 1998
10 and ending with tax years ending on or before December 31,
11 2002, every individual taxpayer is entitled to a tax credit
12 equal to 25% of unreimbursed, medically necessary expenses
13 incurred in caring, in the individual's home, for an elderly
14 parent who has been diagnosed by a licensed physician as
15 unable to live alone. The taxpayer shall provide the
16 Department, upon request, with certification from a licensed
17 physician of the medical necessity for the live-in care of
18 the elderly parent. In no event shall a credit under this
19 Section reduce an individual's tax liability to less than
20 zero.