Bill Status of HB 6925   93rd General Assembly


Short Description:  INC TX-LONG TERM HEALTH CREDIT

House Sponsors
Rep. James H. Meyer-Elizabeth Coulson-Sidney H. Mathias-Jim Watson-Eileen Lyons, Patricia R. Bellock, Robert W. Pritchard and Bob Biggins

Last Action  View All Actions

DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/213

Synopsis As Introduced
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 immediately.

Actions 
DateChamber Action
  2/9/2004HouseFiled with the Clerk by Rep. James H. Meyer
  2/9/2004HouseChief Co-Sponsor Rep. Elizabeth Coulson
  2/9/2004HouseChief Co-Sponsor Rep. Sidney H. Mathias
  2/9/2004HouseFirst Reading
  2/9/2004HouseReferred to Rules Committee
  2/19/2004HouseAdded Chief Co-Sponsor Rep. Jim Watson
  2/19/2004HouseAdded Chief Co-Sponsor Rep. Eileen Lyons
  2/19/2004HouseAdded Co-Sponsor Rep. Patricia R. Bellock
  2/25/2004HouseAdded Co-Sponsor Rep. Robert W. Pritchard
  2/25/2004HouseAdded Co-Sponsor Rep. Bob Biggins
  1/11/2005HouseSession Sine Die

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