House Sponsors: COWLISHAW-BELLOCK-COULSON-OSMOND-KRAUSE, KLINGLER, ZICKUS, BLACK, WOJCIK, LYONS,EILEEN, JONES,JOHN, KURTZ, LINDNER, WAIT, BRADY, LAWFER, MYERS,RICHARD, MEYER, TURNER,JOHN, WINTERS, STEPHENS, MATHIAS, DANIELS, BIGGINS, POE, MITCHELL,BILL AND ERWIN. Short description: INC TX-LONG TERM HEALTH CREDIT Synopsis of Bill as introduced: Amends the Illinois Income Tax Act. Allows an income tax credit in an amount equal to 15% of the premium costs paid for a qualified long term care insurance contract covering the individual taxpayer or the taxpayer's spouse, parent, or dependent. Provides that the credit may not exceed $200 or the taxpayer's liability, whichever is less. Prohibits the carry forward of an excess tax credit to a succeeding year's tax liability. Exempts the credit from the sunset provisions. Effective January 1, 2002. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status