Senate Sponsors: PETERSON-OBAMA-RADOGNO-CLAYBORNE-SULLIVAN, RONEN,C, WELCH, KARPIEL, NOLAND, PARKER, LIGHTFORD, HALVORSON, GEO-KARIS AND BOWLES. Short description: INC TX-EARNED INCOME CREDIT Synopsis of Bill as introduced: Amends the Illinois Income Tax Act. Creates the earned income tax credit. Provides that each individual taxpayer is entitled to a credit against the tax imposed by the Act in an amount equal to a specified percentage of the federal earned income tax credit allowed. Provides that if the amount of the credit exceeds the tax liability for the year, then the excess credit shall be refunded to the taxpayer. Provides that the Department of Revenue shall calculate the amount of the earned income credit upon the request of a taxpayer. Effective immediately. 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