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91_SB0674
LRB9105944PTmb
1 AN ACT to amend the Illinois Income Tax Act by adding
2 Section 211.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Income Tax Act is amended by
6 adding Section 211 as follows:
7 (35 ILCS 5/211 new)
8 Sec. 211. Daycare food program tax credit. For taxable
9 years ending on or after December 31, 1999 through taxable
10 years ending on or before December 31, 2003, a taxpayer is
11 entitled to a credit against the taxes imposed by subsections
12 (a) and (b) of Section 201 in an amount equal to $300 if (i)
13 that taxpayer has participated during the taxable year in the
14 child and adult care food program administered by the
15 Illinois State Board of Education and (ii) the program
16 complies with the meal pattern regulations of the United
17 States Department of Agriculture. The tax credit may not
18 reduce the taxpayer's liability to less than zero. If the
19 amount of a credit exceeds the tax liability for the year,
20 then the excess may not be carried forward or backward for
21 application to another taxable year.
22 Section 99. Effective date. This Act takes effect upon
23 becoming law.