JACOBS-OBAMA-HALVORSON. 35 ILCS 5/211 new Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to 20% of amounts paid for employment-related expenses associated with household and dependent care service costs incurred in the care of a qualifying individual. Provides that the credit shall not exceed 50% of the total tax imposed under this Act or $500, whichever is less. Provides that "employment-related expenses" and "qualifying individual" shall have the meanings ascribed to them in the Internal Revenue Code of 1986. Provides that this credit is available beginning with taxable years ending on or after December 31, 1997 and ending with taxable years ending on or before December 31, 2001. 97-01-30 S FIRST READING 97-01-30 S REFERRED TO SENATE RULES COMMITTEE RULES 97-02-05 S ASSIGNED TO COMMITTEE REVENUE 97-02-06 S ADDED AS A CHIEF CO-SPONSOR OBAMA 97-02-06 S ADDED AS A CHIEF CO-SPONSOR HALVORSON 97-02-28 S TO SUBCOMMITTEE 97-03-06 S POSTPONED 97-03-06 S COMMITTEE REVENUE 97-03-15 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES 99-01-12 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary