COWLISHAW-COULSON-OSMOND-MOORE,ANDREA-KRAUSE, SCULLY, GASH AND FRANKS. 35 ILCS 5/212 new Amends the Illinois Income Tax Act. Allows an income tax credit in an amount equal to 15% of the premium costs paid for a qualified long term care insurance contract covering the individual taxpayer or the taxpayer's spouse, parent, or dependent. Provides that the credit may not exceed $200 or the taxpayer's liability, whichever is less. Prohibits the carry forward of an excess tax credit to a succeeding year's tax liability. Exempts the credit from the sunset provisions. Effective January 1, 2001. 00-01-26 H FILED WITH CLERK 00-01-26 H ADDED AS A JOINT SPONSOR COULSON 00-01-26 H FIRST READING 00-01-26 H REFERRED TO HOUSE RULES COMMITTEE RULES 00-02-02 H ADDED AS A JOINT SPONSOR OSMOND 00-02-08 H ADDED AS A CO-SPONSOR LYONS,EILEEN 00-02-08 H ADDED AS A CO-SPONSOR SCULLY 00-02-10 H ADDED AS A CO-SPONSOR GASH 00-02-10 H ADDED AS A JOINT SPONSOR MOORE,ANDREA 00-02-10 H ADDED AS A JOINT SPONSOR KRAUSE 00-03-08 H ADDED AS A CO-SPONSOR FRANKS 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary