House Sponsors: LANG-FOWLER-FORBY-KENNER-HOWARD, FLOWERS, COLLINS, RYAN, MCKEON, FEIGENHOLTZ, DAVIS,MONIQUE, YARBROUGH, FRANKS, BOLAND, BRADLEY, O'BRIEN AND MURPHY. Short description: INC TX-CIRCUIT BREAKER CREDIT Synopsis of Bill as introduced: Amends the Illinois Income Tax Act to create an income tax credit in an amount up to $1,000 per taxable year for unreimbursed health care costs for individuals 65 years or older or who will become 65 in the calendar year in which the claim is filed and whose annual income is below the minimum income level specified in the Senior Citizens and Disabled Persons Property Tax Relief and Pharmaceutical Assistance Act. Provides that if the credit allowed exceeds the tax liability of the taxpayer, the taxpayer shall receive a refund for the amount of the excess. Defines unreimbursed health care costs as those expenditures not covered and paid for by Medicare, Medicaid, or private insurance. Applicable to tax years ending on or after December 31, 2001. Sunsets the credit after 10 years. 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