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95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008 HB1067
Introduced 2/8/2007, by Rep. Linda Chapa LaVia SYNOPSIS AS INTRODUCED: |
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Amends the Illinois Income Tax Act. Creates a $200 credit for individual taxpayers who have custody or control of a student with good school attendance during the preceding school year. Provides that the credit may be claimed only once with respect to any one student any taxable year. Provides that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Effective immediately.
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| FISCAL NOTE ACT MAY APPLY | |
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A BILL FOR
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HB1067 |
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LRB095 08427 BDD 28602 b |
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| AN ACT concerning revenue.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Illinois Income Tax Act is amended by adding |
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| Section 218 as follows: |
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| (35 ILCS 5/218 new) |
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| Sec. 218. Credit for good school attendance. |
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| (a) For taxable years ending on or after December 31, 2007 |
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| and ending on or before December 30, 2012, each individual |
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| taxpayer who has custody or control of a student with good |
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| school attendance during the preceding school year is entitled |
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| to a credit against the tax imposed under subsections (a) and |
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| (b) of Section 201 in the amount of $200 per student with good |
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| school attendance. |
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| (b) The credit under this Section may be claimed only once |
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| with respect to any one student any taxable year. |
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| (c) The credit may not be carried forward or back. In no
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| event shall a credit under this Section reduce the taxpayer's
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| liability to less than zero. |
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| (d) For the purposes of this Section: |
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| "Good school attendance" means that the student was absent |
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| without valid cause for 3 or fewer days during the preceding |
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| school year. |