IL HB0566 | 2009-2010 | 96th General Assembly

Status

Spectrum: Moderate Partisan Bill (Democrat 8-1)
Status: Introduced on February 5 2009 - 25% progression, died in committee
Action: 2009-03-13 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. For taxable years ending on or after December 31, 2009, allows small businesses that provide health care insurance for their employees and their spouses and dependents to claim a tax credit in an amount equal to the cost of providing that insurance, but not to exceed: (i) $500 per employee who receives health care insurance; and (ii) $250 for each spouse and dependent of an employee who receives health care insurance. Provides that the taxpayer may not carry the credit forward or back and that the credit may not reduce a taxpayer's liability to less than zero. Exempts the credit from the Act's sunset provisions. Effective immediately.

Tracking Information

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Title

INC TX-HEALTH INS CREDIT

Sponsors


History

DateChamberAction
2009-03-13 Rule 19(a) / Re-referred to Rules Committee
2009-03-12 Added Co-Sponsor Rep. Elizabeth Coulson
2009-02-26 Added Co-Sponsor Rep. Arthur L. Turner
2009-02-24 Added Co-Sponsor Rep. David E. Miller
2009-02-18 Added Co-Sponsor Rep. Lou Lang
2009-02-11 Assigned to Revenue & Finance Committee
2009-02-06 Referred to Rules Committee
2009-02-06 First Reading
2009-02-05 Added Chief Co-Sponsor Rep. Lisa M. Dugan
2009-02-05 Added Chief Co-Sponsor Rep. Paul D. Froehlich
2009-02-05 Added Chief Co-Sponsor Rep. Annazette Collins
2009-02-05 Added Chief Co-Sponsor Rep. LaShawn K. Ford
2009-02-05 Filed with the Clerk by Rep. Careen M. Gordon

Illinois State Sources


Bill Comments

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