90th General Assembly
Summary of HB0142
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House Sponsors:

Senate Sponsors:

Short description: 
INC TAX CR-ST CHILD CARE SITE                                              

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act.  Provides that beginning with      
   tax years ending on or after December 31, 1997  and  ending  with  tax      
   years ending on or before December 31, 2006, an individual 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.                                           
        HOUSE AMENDMENT NO. 1.                                                 
        Specifies that the credit is for individuals with an adjusted          
   gross income of $50,000 or less.                                            
          STATE MANDATES FISCAL NOTE                                           
          HB142 fails to create a State mandate.                               
          FISCAL NOTE, H-AM 1 (Dept. of Revenue)                               
          HB142 will have an indeterminable negative fiscal impact.            
          STATE MANDATES FISCAL NOTE, H-AM 1                                   
          HB142, as amended by H-am 1 fails to create State mandate.           
          HOME RULE NOTE, H-AM 1                                               
          HB142, amended by H-am 1, does not preempt home rule authority.      
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


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