Senate Sponsors: TROTTER. Short description: INC TAX-DAYCARE EXPENSE CREDIT Synopsis of Bill as introduced: Amends the Illinois Income Tax Act. Provides that, for taxable years ending on or after December 31, 2001 and ending on or before December 30, 2006, every individual taxpayer whose taxable income is $75,000 or less is entitled to a tax credit equal to 5% of the amount paid in the taxable year for dependent care expenses for a dependent child of the taxpayer or an elderly dependent of the taxpayer 65 years old or older. Allows the credit to be carried forward for 5 years. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status