Bill Text: IL HB5827 | 2009-2010 | 96th General Assembly | Introduced

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Bill Title: Amends the Illinois Income Tax Act. Creates a tax credit for a taxpayer who: (i) is allowed the federal Child and Dependent Care Credit; and (ii) is a member or spouse of a member of the Armed Forces of the United States, the Illinois National Guard, or any reserve component of the Armed Forces of the United States, who was deployed during the taxable year on active military duty outside the United States and its territories. Provides that the amount of the credit is the lesser of $1,000 or the amount of the federal tax credit. Provides that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Effective immediately.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2010-02-10 - Referred to Rules Committee [HB5827 Detail]

Download: Illinois-2009-HB5827-Introduced.html

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96TH GENERAL ASSEMBLY State of Illinois 2009 and 2010 HB5827 Introduced 2/10/2010, by Rep. Franco Coladipietro SYNOPSIS AS INTRODUCED:
35 ILCS 5/219 new
Amends the Illinois Income Tax Act. Creates a tax credit for a taxpayer who: (i) is allowed the federal Child and Dependent Care Credit; and (ii) is a member or spouse of a member of the Armed Forces of the United States, the Illinois National Guard, or any reserve component of the Armed Forces of the United States, who was deployed during the taxable year on active military duty outside the United States and its territories. Provides that the amount of the credit is the lesser of $1,000 or the amount of the federal tax credit. Provides that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Effective immediately.
LRB096 18025 HLH 33397 b
FISCAL NOTE ACT MAY APPLY
A BILL FOR
HB5827 LRB096 18025 HLH 33397 b
AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Income Tax Act is amended by adding
Section 219 as follows:
(35 ILCS 5/219 new)
Sec. 219. Veterans' child care credit.
(a) For taxable years ending on or after December 31, 2010
and on or before December 30, 2015, an individual taxpayer is
entitled to a credit against the tax imposed under subsections
(a) and (b) of Section 201 if that taxpayer: (i) is allowed the
federal Child and Dependent Care Credit under Section 21 of the
Internal Revenue Code (26 U.S.C. 21); and (ii) is a member or
spouse of a member of the Armed Forces of the United States,
the Illinois National Guard, or any reserve component of the
Armed Forces of the United States, who was deployed during the
taxable year on active military duty outside the United States
and its territories. The amount of the credit under this
Section is an amount equal to the lesser of (i) $1,000 or (ii)
the amount of the federal tax credit.
(b) The credit under this Section may not be carried
forward or back and may not reduce the taxpayer's liability to
less than zero.

HB5827 - 2 - LRB096 18025 HLH 33397 b
Section 99. Effective date. This Act takes effect upon
becoming law.