92nd General Assembly
Summary of SB0906
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Senate Sponsors:
LIGHTFORD.

Short description: 
INC TX-TEACHERS TAX CREDIT                                                 

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act.   Allows  taxpayers  who  are      
   certified teachers to take a credit against the taxpayer's income tax.      
   The amount of the credit ranges from $250 to $1,500 depending upon the      
   years  of  services  as a certified teacher.  Provides that the credit      
   may not reduce a taxpayer's tax liability to less than zero.  Provides      
   that  unused  credits  may  not   be   carried   forward.    Effective      
   immediately.                                                                
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: Senate

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


   END OF INQUIRY 



 Full Text  Bill Status