92nd General Assembly
Summary of HB0070
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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