OBAMA-MADIGAN,L-WELCH-JONES,E-SHAW, LIGHTFORD AND SILVERSTEIN. 35 ILCS 5/212 Amends the Illinois Income Tax Act. Increases the earned income tax credit for taxable years beginning on or after January 1, 2001 from 5% to 10% of the federal earned income tax credit. 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. Exempts the credit from the sunset provisions. Effective immediately. FEB-20-2001 S FIRST READING FEB-20-2001 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-21-2001 S ASSIGNED TO COMMITTEE EXECUTIVE MAR-01-2001 S TO SUBCOMMITTEE MAR-01-2001 S COMMITTEE EXECUTIVE MAR-08-2001 S ADDED AS A CO-SPONSOR LIGHTFORD MAR-23-2001 S ADDED AS A CO-SPONSOR SILVERSTEIN MAR-31-2001 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES JAN-07-2003 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary