91st General Assembly
Summary of HB1655
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House Sponsors:
CURRIE-FRITCHEY-MCKEON AND ERWIN.

Short description: 
INC TX-CR-EMPLOYER CHILD CARE                                              

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act.  Provides  that  the  current      
   tax credit for dependent care assistance programs is available for tax      
   years  ending  on  or  before December 30, 1999.  Creates a child care      
   facility and program tax credit.  Provides that the credit shall            
   be  available  to all taxpayers and shall be in an amount equal to 30%      
   of the amount of expenditures by the taxpayer to  provide  an  on-site      
   child  care  facility  or  an  off-site  child  care  program  for the      
   taxpayer's employees. Limits the credit to $50,000 per  taxable  year.      
   Exempts the credit from the sunset provisions.  Effective immediately.      
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



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