Bill Status of HB 1470   94th General Assembly

Short Description:  INC TX-LONG TERM HEALTH CREDIT

House Sponsors
Rep. Carolyn H. Krause-Elizabeth Coulson-Sidney H. Mathias-Paul D. Froehlich-James H. Meyer, Michael P. McAuliffe, David R. Leitch, Randall M. Hultgren, Sandra M. Pihos, Eileen Lyons and Rosemary Mulligan

Last Action  View All Actions

DateChamber Action
  1/9/2007HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/216 new

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
  2/10/2005HouseFiled with the Clerk by Rep. Carolyn H. Krause
  2/10/2005HouseChief Co-Sponsor Rep. Elizabeth Coulson
  2/10/2005HouseFirst Reading
  2/10/2005HouseReferred to Rules Committee
  2/16/2005HouseAssigned to Revenue Committee
  2/16/2005HouseAdded Chief Co-Sponsor Rep. Sidney H. Mathias
  2/16/2005HouseAdded Chief Co-Sponsor Rep. Paul D. Froehlich
  2/23/2005HouseAdded Co-Sponsor Rep. Michael P. McAuliffe
  2/23/2005HouseAdded Co-Sponsor Rep. David R. Leitch
  2/23/2005HouseAdded Co-Sponsor Rep. Randall M. Hultgren
  2/23/2005HouseAdded Co-Sponsor Rep. Sandra M. Pihos
  2/23/2005HouseAdded Co-Sponsor Rep. Eileen Lyons
  2/23/2005HouseAdded Co-Sponsor Rep. Rosemary Mulligan
  2/23/2005HouseAdded Chief Co-Sponsor Rep. James H. Meyer
  3/10/2005HouseRule 19(a) / Re-referred to Rules Committee
  1/9/2007HouseSession Sine Die

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