Bill Status of HB 5005   94th General Assembly


Short Description:  INC TX-MEDICARE CREDIT

House Sponsors
Rep. Elizabeth Coulson-Sidney H. Mathias-Raymond Poe-Roger L. Eddy-Aaron Schock and Lou Lang

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 a credit against income tax for individual taxpayers who are 62 years of age or older in an amount equal to the aggregate amount that the taxpayer pays during the taxable year to qualify for Medicare Part D benefits under Title XVIII of the federal Social Security Act. Provides that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Exempts the credit from the sunset provisions. Effective immediately.

Actions 
DateChamber Action
  1/24/2006HouseFiled with the Clerk by Rep. Elizabeth Coulson
  1/24/2006HouseFirst Reading
  1/24/2006HouseReferred to Rules Committee
  1/25/2006HouseAdded Chief Co-Sponsor Rep. Sidney H. Mathias
  1/31/2006HouseAdded Chief Co-Sponsor Rep. Raymond Poe
  1/31/2006HouseAdded Chief Co-Sponsor Rep. Roger L. Eddy
  1/31/2006HouseAdded Chief Co-Sponsor Rep. Aaron Schock
  2/9/2006HouseAdded Co-Sponsor Rep. Lou Lang
  1/9/2007HouseSession Sine Die

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