Illinois General Assembly - Bill Status for HB0597
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 Bill Status of HB0597  95th General Assembly

Short Description:  INC TX-HEALTH INS CREDIT

House Sponsors
Rep. Patricia R. Bellock, Kurt M. Granberg, Elizabeth Hernandez, Karen May and Susana A Mendoza

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. For taxable years ending on or after December 31, 2008, allows small businesses that provide health care insurance for their employees to claim a tax credit in an amount equal to $100 for each employee covered, $50 for each spouse covered, and $40 for each dependent (up to 2 dependents) covered. Provides that the taxpayer may not carry the credit forward or back and that the credit may not reduce a taxpayer's liability to less than zero. Exempts the credit from the Act's sunset provisions. Effective immediately.

DateChamber Action
  2/2/2007HouseFiled with the Clerk by Rep. Patricia R. Bellock
  2/5/2007HouseFirst Reading
  2/5/2007HouseReferred to Rules Committee
  2/7/2007HouseAssigned to Revenue Committee
  2/23/2007HouseAdded Co-Sponsor Rep. Kurt M. Granberg
  2/28/2007HouseAdded Co-Sponsor Rep. Elizabeth Hernandez
  3/7/2007HouseAdded Co-Sponsor Rep. Karen May
  3/7/2007HouseAdded Co-Sponsor Rep. Susana A Mendoza
  3/23/2007HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2009HouseSession Sine Die

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