State of Illinois
92nd General Assembly
Legislation

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[ Engrossed ][ Enrolled ][ House Amendment 001 ]


92_HJ0002

 
                                               LRB9202532SMdv

 1                       HOUSE JOINT RESOLUTION

 2        WHEREAS, Public Act 91-930 amended  the  Illinois  Income
 3    Tax Act to create income tax credits for employee child care;
 4    and

 5        WHEREAS,  The  Act  provides  for  a credit of 30% of the
 6    start-up costs expended by a corporation to provide  a  child
 7    care  facility for the children of its employees; this credit
 8    is available beginning with taxable years ending on or  after
 9    December  31, 2000 and ending with taxable years ending on or
10    before December 31, 2004; and

11        WHEREAS, The Act provides for an additional credit of  5%
12    of the annual amount paid by the corporation in providing the
13    child  care  facility for employee's children; this credit is
14    available beginning with taxable years  ending  on  or  after
15    December 31, 2000 and does not have an expiration date; and

16        WHEREAS,  The  Act  provides that, to be eligible for the
17    credit, a corporation may provide and operate  a  child  care
18    facility  independently  or  in  partnership with one or more
19    other corporations; the Act limits the credit to  child  care
20    facilities located in Illinois; and

21        WHEREAS,  It  is  in the best interest of the citizens of
22    Illinois that the State promote the availability  of  quality
23    child care for the taxpayers of Illinois; therefore be it

24        RESOLVED,   BY   THE  HOUSE  OF  REPRESENTATIVES  OF  THE
25    NINETY-SECOND GENERAL ASSEMBLY OF THE STATE OF ILLINOIS,  THE
26    SENATE CONCURRING HEREIN, that the Department of Commerce and
27    Community  Affairs,  in  cooperation  with  the Department of
28    Revenue,  shall  track  and  monitor  the  use  by   Illinois
29    employers  of the tax credits for employee child care created
30    by Public Act 91-930; and be it further

31        RESOLVED, that the Department of Commerce  and  Community
 
                            -2-                LRB9202532SMdv
 1    Affairs, in cooperation with the Department of Revenue, shall
 2    report  to  the  Governor's  Children  and  Family Leadership
 3    Subcabinet by March 1, 2002, and each March 1 thereafter,  on
 4    the  extent  the credits are used and, if the credits are not
 5    used as expected, the reasons why employers are not using the
 6    credits; and be it further

 7        RESOLVED, that suitable  copies  of  this  resolution  be
 8    delivered  to the Director of Commerce and Community Affairs,
 9    the Director of Revenue, and the Governor.

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