Bill Status of HB 3957   99th General Assembly


Short Description:  INC TX-FEDERAL CHILD CREDIT

House Sponsors
Rep. Joe Sosnowski

Last Action  View All Actions

DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/224 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a credit equal to a percentage the federal child and dependent care credit received by the taxpayer. Provides that the credit shall be equal to: (i) 50% of the federal credit if the taxpayer's adjusted gross income is $25,000 or less; (ii) 30% of the federal credit if the taxpayer's adjusted gross income is more than $25,000 but not more than $35,000; and (iii) 10% of the federal credit if the taxpayer's adjusted gross income is more than $35,000. Provides that the credit may be refunded to the taxpayer. Effective immediately.

Actions 
DateChamber Action
  2/27/2015HouseFiled with the Clerk by Rep. Joe Sosnowski
  2/27/2015HouseFirst Reading
  2/27/2015HouseReferred to Rules Committee
  3/12/2015HouseAssigned to Revenue & Finance Committee
  3/13/2015HouseTo Income Tax Subcommittee
  3/27/2015HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2017HouseSession Sine Die

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