91st General Assembly Summary of SB0194    [ Home ]   [ Back ]   [ Legislation ]

Legislation:   Please enter a bill number.

Senate Sponsors:
TROTTER-LIGHTFORD.

Short description: 
INC TX-CR-CHILD CARE EXPENSES                                              

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act.  Creates a credit against the      
   taxes imposed under the Act for individuals for expenditures made  for      
   child  care.    Provides  that the amount of the credit depends on the      
   amount of the taxpayer's federal adjusted gross income and the  amount      
   of  the  federal  child care credit to which the taxpayer is entitled.      
   Provides that any excess credit may be carried forward and applied  to      
   the  tax liability of the 5 following taxable years.  Provides that an      
   individual who receives child care assistance from the  Department  of      
   Human  Services  shall  be  entitled to a credit only to the extent of      
   unreimbursed out-of-pocket expenses that result in  a  federal  credit      
   for  child  care  expense.   Provides that the credit is available for      
   taxable years beginning on or after January  1,  1999.    Sunsets  the      
   credit after 5 years.  Effective January 1, 2000.                           
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: Senate

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


   END OF INQUIRY 


 Full Text  Bill Status