Senate Sponsors: JACOBS-OBAMA-HALVORSON. Short description: INC TX-HOUSEHOLD-DEPENDNT CARE Synopsis of Bill as introduced: 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. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status