Bill Status of SB0339  95th General Assembly

Short Description:  INC TX-EARNED INCOME CREDIT

Senate Sponsors
Sen. Jacqueline Y. Collins - Ira I. Silverstein - John J. Millner - Don Harmon - Kwame Raoul, Carole Pankau, Martin A. Sandoval and Donne E. Trotter

Last Action
DateChamber Action
  1/13/2009SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/212


Synopsis As Introduced
Amends the Illinois Income Tax Act. Increases the amount of the earned income tax credit from 5% of the federal tax credit to (i) 10% of the federal tax credit for each taxable year beginning on or after January 1, 2007, (ii) 15% of the federal tax credit for each taxable year beginning on or after January 1, 2009, and (iii) 20% of the federal tax credit for each taxable year beginning on or after January 1, 2011. Effective immediately.

Actions 
DateChamber Action
  2/7/2007SenateFiled with Secretary by Sen. Jacqueline Y. Collins
  2/7/2007SenateFirst Reading
  2/7/2007SenateReferred to Rules
  2/7/2007SenateAdded as Co-Sponsor Sen. Carole Pankau
  2/8/2007SenateAdded as Chief Co-Sponsor Sen. Ira I. Silverstein
  2/8/2007SenateAdded as Chief Co-Sponsor Sen. John J. Millner
  2/8/2007SenateAdded as Chief Co-Sponsor Sen. Don Harmon
  2/8/2007SenateAdded as Chief Co-Sponsor Sen. Kwame Raoul
  2/23/2007SenateAdded as Co-Sponsor Sen. Martin A. Sandoval
  2/23/2007SenateAdded as Co-Sponsor Sen. Donne E. Trotter
  1/13/2009SenateSession Sine Die