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90_SB1518
35 ILCS 5/215 new
Amends the Illinois Income Tax Act. Provides that
beginning with tax years ending on or after December 31, 1998
and ending with tax years ending on or before December 31,
2007, an individual with an adjusted gross income of $75,000
or less may receive an income tax credit in an amount equal
to 10% of the credit received by the taxpayer for the same
taxable year under Section 129 of the Internal Revenue Code
of 1986 for expenditures during the tax year for the care of
a child in a State certified day care or child care facility.
Effective immediately.
LRB9011361KDpc
LRB9011361KDpc
1 AN ACT to amend the Illinois Income Tax Act by adding
2 Section 215.
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 215 as follows:
7 (35 ILCS 5/215 new)
8 Sec. 215. State child care facility tax credit.
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 2007, each taxpayer subject to this Act with an adjusted
12 gross income of $75,000 or less is entitled to a tax credit
13 in an amount equal to 10% of the credit received by the
14 taxpayer for the same taxable year under Section 129 of the
15 Internal Revenue Code of 1986 for expenditures made during
16 the tax year by the taxpayer for the care of a child in a
17 State certified day care or child care facility.
18 Section 99. Effective date. This Act takes effect upon
19 becoming law.