Senate Sponsors: OBAMA-MADIGAN,L. Short description: INCOME TX-EARNED INCOME CREDIT Synopsis of Bill as introduced: Amends the Illinois Income Tax Act. Increases the earned income tax credit for taxable years beginning on or after January 1, 2002 from 5% to 10% of the federal earned income tax credit. Provides that if the amount of the credit exceeds the tax liability for the year, then the excess credit shall be refunded to the taxpayer. Exempts the credit from the sunset provisions. 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