90th General Assembly
Status of HB2705
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GIGLIO.

   35 ILCS 5/211 new                                                           

        Amends the Illinois Income Tax Act.  Creates a credit against the      
   taxes imposed under the Act for individual taxpayers 65 years  of  age      
   or  older  and  retired  in an amount not to exceed $250 for volunteer      
   services contributed to public schools in this State.   Provides  that      
   the  amount of credit is dependent on the number of hours volunteered.      
   Provides that in the case of a husband and wife, each spouse shall  be      
   allowed   to  qualify  for  the  credit  individually.   Provides  for      
   certification by the school of the  number  of  hours  worked  by  the      
   volunteer.    Provides that the credit shall not reduce the taxpayer's      
   liability under the Act to less than zero.  Provides that  the  credit      
   shall  not  be allowed if the volunteer hours displace, or prevent the      
   placement of, an employee of the  public  school.  Provides  that  the      
   credit is available for taxable years beginning on or after January 1,      
   1998.  Sunsets the credit after 5 years.                                    
   98-02-03  H  FILED WITH CLERK                                               
   98-02-03  H  FIRST READING                                                  
   98-02-03  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   99-01-12  H  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary