House Sponsors: LANG-FOWLER-FORBY-HOWARD-KENNER, MAY, FLOWERS, COLLINS, CURRY,JULIE, CROTTY, HARTKE, MENDOZA, ACEVEDO, YARBROUGH, FRANKS, O'BRIEN AND REITZ. Short description: INCOME TX-DAY CARE CREDIT Synopsis of Bill as introduced: Amends the Illinois Income Tax Act. Provides that beginning with taxable years ending on or after December 31, 2001, a tax credit is granted to taxpayers who employ 5 or more persons for 10% of the cost of day care provided to the employees at the place of employment. Provides that an eligible taxpayer must choose between this tax credit and the dependent care assistance program tax credit. Allows an excess tax credit to be carried forward and applied to the tax liability of the 2 taxable years following the excess credit year. Exempts the provision from the Act's sunset requirement. Effective immediately. 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