Illinois General Assembly - Bill Status for HB1996
Illinois General Assembly

Previous General Assemblies

 Bill Status of HB1996  95th General Assembly


Short Description:  INC TX-LONG TERM HEALTH CREDIT

House Sponsors
Rep. Michael K. Smith

Last Action
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. Allows an income tax credit in an amount equal to 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 $1,000 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
  2/23/2007HouseFiled with the Clerk by Rep. Michael K. Smith
  2/26/2007HouseFirst Reading
  2/26/2007HouseReferred to Rules Committee
  3/1/2007HouseAssigned to Revenue Committee
  3/23/2007HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2009HouseSession Sine Die

Back To Top