90th General Assembly
Summary of HB2408
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House Sponsors:
COWLISHAW-BROWN-ROSKAM-COULSON-JOHNSON,TOM.

Short description: 
INC TX-CREDIT-PREVIOUS RETURN                                              

Synopsis of Bill as introduced:
        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.          
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

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


   END OF INQUIRY 



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