House Sponsors: CURRIE AND FLOWERS. Short description: INCOME TAX-EARN INCOME CREDIT Synopsis of Bill as introduced: Amends the Illinois Income Tax Act. Provides that taxpayers entitled to a federal earned income tax credit are entitled to a credit under the Illinois Income Tax Act in an amount equal to 10% of the federal tax credit for taxable years beginning on or after January 1, 2001 and ending on or before December 31, 2005. Provides that if a taxpayer's earned income tax credit exceeds the taxpayer's tax liability, the taxpayer shall receive a refund for the amount of the excess (now, the earned income tax credit may not reduce a taxpayer's liability to less than zero). Provides that the provisions concerning the earned income tax credit are repealed on June 1, 2006 (now, June 1, 2003). Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status