Bill Status of HB 5540   95th General Assembly


Short Description:  TAX CREDIT-VOLUNTR FIREFIGHTER

House Sponsors
Rep. Rich Brauer

Last Action  View All Actions

DateChamber Action
  1/13/2009HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/218 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that for taxable years ending on or after December 31, 2008, each taxpayer who was a member in good standing of a volunteer fire department during the entire taxable year is entitled to an income tax credit. Provides that the credit may not exceed $500 or the amount of the taxpayer's liability under this Act, whichever is less. Prohibits the carry forward of an excess tax credit to a succeeding year's tax liability. Exempts the provisions from the sunset requirements. Effective July 1, 2008.

Actions 
DateChamber Action
  2/14/2008HouseFiled with the Clerk by Rep. Rich Brauer
  2/14/2008HouseFirst Reading
  2/14/2008HouseReferred to Rules Committee
  1/13/2009HouseSession Sine Die

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