Date	Chamber	Action
1/11/2005	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/213 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Authorizes a credit for public and private elementary and secondary school teachers in the following amounts: $500 if the teacher has completed at least 2 but less than 5 years of teaching by the end of the taxable year, $750 if the teacher has completed at least 5 but less than 10 years of teaching by the end of the taxable year, $1,000 if the teacher has completed at least 10 but less than 15 years of teaching by the end of the taxable year, and $1,500 if the teacher has completed at least 15 years of teaching by the end of the taxable year. The credit, however, may not exceed 50% of the amount of tax owing on the taxable amount of the salary of the teacher less the amount of the exemption claimed by the teacher and may not reduce the taxpayer's liability to less than zero. Exempts the credit from the sunset provisions of the Act.

Actions 

Date	Chamber	Action
2/28/2003	House	Filed with the Clerk by Rep. Jack McGuire
2/28/2003	House	First Reading
2/28/2003	House	Referred to Rules Committee
3/5/2003	House	Assigned to Revenue Committee
3/13/2003	House	Rule 19(a) / Re-referred to Rules Committee
3/20/2003	House	Added Chief Co-Sponsor Rep. Mike Boland
1/11/2005	House	Session Sine Die

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